A crypto analyst followed closely emits a warning, saying that Bitcoin (BTC) still shows weakness despite the recovery of his last decline.
In a new strategy session, pseudonymous crypto trader crypto capo tells its 922,500 subscribers on the social media platform X that the best crypto asset by market capitalization could drop at a price between $ 88,000 and $ 90,000, noting That altcoins could also take a sure blow. .
“Despite the strong market rebound after the capitulation event, there is still an underlying weakness. I reopened the position of the coverage until we saw appropriate bullish confirmations or a second drop, which could bring BTC to around $ 88,000 to $ 90,000.
Some altcoins could drop another 10% to 30%, some forming higher stockings and others entering liquidity under the wick. Even if this happens, the plan remains the same: keep / buy the drop. An important local background should be very close. »»
The merchant’s graph seems to indicate that the cryptographic king will plunge and then increase during the summer. Bitcoin is traded at $ 97,982 at the time of writing, a gain of 1.2% in the last 24 hours.
By switching to active assets, the merchant says that even if they could dive even more, it seems likely that they will recover during the month of February. However, he notes that the majority of them should not reach new heights of all time (ATHS).
“Samecoins has retraced 60% to 80% on average in recent weeks (and they could still decrease). Since a local background could be formed soon, they could bounce back during the rest of February. However, I do not think that most new ATHS will reach new ATHS. »»
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