Crypto strategist warns that Bitcoin and Ethereum have not yet hit their market bottoms, with a potential drop to $24,000 for Bitcoin and a bear flag pattern forming for Ethereum, according to Bluntz.
A broadly followed cryptocurrency strategist reveals that the market bottoms are not is still in for Bitcoin (BTC) and Ethereum (ETH) (ETH).
The pseudonymous analyst known as Bluntz tells his 223,000 Twitter followers that Bitcoin (BTC) is likely going to dip down to the $24,000 level come June.
“ Despite the fact that the low timeframes look good, the higher timeframes still look quite heavy. Can’t help but feel this ends up resolving as a type of higher timeframe bear flag on Bitcoin and Ethereum (ETH). Will be keeping a very keen eye on $28,200-$28,300 region, that is where I’d be watching for any kind of failure.”