Analyst Who Called 2018 Bitcoin Bottom Sees Apex Crypto Heading Towards ‘Choppy Grind Up’ To This Level
By Benzinga
A pseudonymous analyst on Tuesday said that Bitcoin (CRYPTO: BTC) appears to be losing momentum.
What Happened: ‘Smart Contracter’ told his 220,800 followers on Twitter that Bitcoin is likely heading towards a gradual, “choppy grind up” to $24,000, and ultimately a lower high. This suggests that BTC will experience some volatility in the short-term,
The analyst asked traders not to fall into the trap of longing for a big move with every hourly reversal candle. “Go touch some grass,” he said.
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momentum waning and distribution probably underway on #btc, expecting a slow choppy grind up to 24k and ultimately another lower high.
go touch some grass, don't fall into the trap of longing every hourly reversal candle expecting a big move. pic.twitter.com/lNYVzEbSV6
— Bluntz (@SmartContracter) February 28, 2023
In another analysis, Smart Contracter said AI token Fetch.AI (CRYPTO: FET) “looks done here.”
The analyst said FET was one of the strongest altcoins over the last three months which was over “10 times from the lows.” FET was trading at $0.46, up 6% in the last 24 hours.
.$FET looks done here, one of the strongest alts over the last 3 months which did over 10x from the lows pic.twitter.com/BHCdGj2iai
— Bluntz (@SmartContracter) February 28, 2023
Price Action: At the time of writing, BTC was trading at $23,848, up 2.48% in the last 24 hours, according to Benzinga Pro data.
