Bitcoin & Ethereum Bottom Out Are We There Yet?
What are the possible catalyst that would influence bitcoin bottom out? As we can see that we are close to calling the year a close.
It’s being projected that bitcoin has the possible chance of bottoming out, as Jason Pizzino looks closely at the primary digital asset bitcoin as he says;
“If we get a little bit higher to this next swing top at $23,000, and of course my Wyckoff flip at $23,200, and then the monthly swing top at $25,200 (so that is going to be the big one that the bears are going to have to watch)… those are broken, $10,000 you could probably say is completely off, forget about it…
This is not looking too good for those $10,000 Bitcoin bears.”
While Ethereum which he says that it is gradually moving above the bearish trend, which he says that it has signaled the bottom out for the primary digital asset bitcoin.
“For ETH, definitely showing much more strength… the consolidation was above the previous zone. ETH is pumped away, it’s about $1,500, it’s above the 50% [Fibonacci ratios] zone. So I think if we we’re waiting for a $300, $400, $500 ETH, probably forget those things right now.”
As the time of writing Bitcoin and Ethereum was selling at $20k while $1.5k.
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