A Crypto Analyst Analyzes Bitcoin and Solana
A well-known crypto analyst is reevaluating the charts for Bitcoin (BTC) and Solana (SOL). According to the analyst, BTC may not have reached its range high yet. The analyst suggests that if BTC experiences a strong rejection, it could lead to a deeper retracement over the next 175-day Pre-Halving period. The analyst also provides a game plan for BTC, which includes accumulating during a deeper retrace, re-accumulating during a specific phase, and holding on during another phase.
The analyst also discusses Solana’s potential. Solana has recently broken out from its previous resistance levels and rallied into a new area. The analyst believes that the $32-$45 range could become support for SOL, as it has historically acted as a major support level in the past. However, whether it will become a resistance level remains to be seen. The analyst suggests that if SOL is able to achieve crucial candle closes within and inside the purple area, it may not face strong resistance.
Hot Take: Bitcoin and Solana Analysis
A crypto analyst has provided insights into the potential future movements of Bitcoin and Solana. The analyst suggests that BTC may experience a deeper retracement if it encounters a strong rejection, while SOL has the potential to find support within a specific price range. These analyses highlight the importance of closely monitoring the charts and considering different scenarios when making investment decisions in the crypto market.
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