Analyst Pentoshi, known for his accurate estimates in the crypto money market, claimed that Bitcoin (BTC) and subcoins could rise this week. Addressing 855,900 followers on the X platform, the analyst said that Others weekly graph gives positive signals. Others is known as an index that follows all subcoins, except for the 10 largest crypto currencies and stablecoins, according to market value. Here are the analyst’s altcoin prices and comments for Bitcoin…
Description for Altcoin prices from Pentoshi
Pentoshi said that the candlester closed last week showed signs of rise in the market. An Analyst said, “Last week’s closing seems quite positive. This week I am waiting for upward movements for your favorite crypto currencies ”. Pentoshi thinks that a series of rise in the short term in the Others graph can be realized and the resistance level of $ 281 billion can be supported. Analyst We are at the decisive level in terms of the direction of the market. We took long positions at the level of 250 billion dollars, and this is a low -risk area because it is quite close to the level of invalidation in the high -time (HTF). 281 billion dollars is our local resistance point. However, our goal is that the market moves towards 320 billion dollars. ”
In addition, Pentoshi stated that the level of $ 320 billion can be considered as a partial starting point and that more rise is possible if this level is exceeded. As of now, the market value of Others is around 271.46 billion dollars.
Bitcoin maintains its strong appearance
Pentoshi, who made evaluations about Bitcoin, stressed that despite the negative news flow, BTC stands strong. “Despite all the developments in the last few months, Bitcoin’s current situation is really impressive,” Analyst said.
Bitcoin is traded at $ 96,228 at the time of writing. On the other hand, Pentoshi reiterated the estimation that the total value of the crypto market can reach $ 4.42 trillion in the first quarter of this year, while the current market value is at the level of $ 3.134 trillion. While the analyst’s evaluations attract the attention of investors, it is eagerly awaited how mobility will be experienced in the market in the coming days.
