Analyst Who Called Bitcoin’s Crash to $6,000 Says Ethereum Bottom In

Analyst Who Called Bitcoin’s Crash to $6,000 Says Ethereum Bottom In

By martintibor40 | Creation of new blog | 30 Dec 2019


Per previous reports from NewsBTC, a trader going by Mac wrote that he expects both altcoins as a class and Ethereum to fall by 20% against Bitcoin, noting that the ETH/BTC pair is currently far above any semblance of support.

This came shortly after another analyst, Velvet, said that Bitcoin’s dominance metric is likely to hit 78% — some 10% higher than current levels — by March, just four-odd months away. He attributed this expectation to the fact that BTC is showing signs it is about to begin its next leg higher — one that will bring it to BTC — meaning that capital flows towards altcoins is likely going to slow at a dramatic pace.

Yes, ETH/BTC could fall buy ETH/USD could rise in dissonance. The point is that not analysts are decisively bullish on the second-largest cryptocurrency.


martintibor40
martintibor40

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