Pentoshi Turns Bullish On Bitcoin, Projects That Most Altcoins “Will Lag” – Fintechs.fi
According to a prominent crypto analyst, known as Pentoshi, Bitcoin (BTC) is likely to continue going up with little to no retracement.
Pentoshi shared with his 510.6K followers on Twitter that he expects Bitcoin to rally as high as $46,000 in the near term.
“If this is a start of a new trend, then dips will be relatively shallow (FOMO [fear of missing out] + lifted bids) large limit orders further down are unlikely to fill or only partially fill…
Likely enough to go to $44,000 – $46,000. How a market moves is also important.”
Earlier on, Pentoshi turned bullish on BTC after feeling bearish on the leading digital asset in the past couple of months as Bitcoin bottomed out at $33,000 levels.
“As BTC enters the green zone, my bera watch ends, and bulla watch begins. Crazy how that works. Months of macro-based bear posting after a deviation. Soon most will think it’s over when it really just begins. Billionaires, nations, institutions compete for scarcity.”
While the trader is bullish on Bitcoin, he doesn’t see too much upside for most altcoins.
“Here’s how I see things. As long as BTC holds $39,000 (as prev stated), then yearly open ($46,000) up next.
In my opinion, 80% of alts will lag, 20% will lead/follow.”