Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

Bitcoin and Ethereum Consolidation May Not Be over Yet

GA! BTC is still in the range between 18500-19700 at the moment. Both of those levels are breakdown or breakout points for BTC as we see buying pressure at 18500 & selling at 19700. There is higher probability to breaking the 18500 to test the yearly low at 17400!

ETH has remained strong compared to BTC since its able to hold on to the strong support zone of 1220-1280. ETH has held on to 1220 even since it bounced back from the yearly lows of 880 in June 2022. If 1220 is broken then ETH can go to 1080-1000-940 cryptocurrency

altcoins can rally a bit only if BTC remains above 17400 on a monthly closing for consecutive months. Rn, we see altcoin at lows when BTC comes close to 18200 & starts to dump when BTC reaches 19700. So clarity & stability is necessary. altcoin can rally after BTC dump

I won’t change my bag for the next 2-3 years. So it remains the same. BICO DOT MANA MATIC LRC THETA BIT OCEAN CAKE FTT BNB BCUBE RARI NEAR MOVR GALA are my best bets for the next bull cycle in 2024! Crypto cryptotrading 1000x 100xgem Cryptocurrency

Summary: BTC is very weak & unable to break 20500 on even a 4H candle. Even the positive US Core PCE Price Index’s score lead to a dump just now on BTC but it may pump a bit later but still no chance it will cross 20500 but anything below 22500 is bearish for BTC

We will see new ATL very soon. It can happen in the next few months. It might be this year itself or early next year. Aggressive buy zone of BTC is around 9k-13k. Quality altcoin can be DCA. In any case, @Bcubeai products will help you sail through this volatility storm!

This post is based on this twitter thread.


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