There are various optimistic predictions about the prices of digital assets these days. Check them out below and find out when Bitcoin and the crypto market could rally.
A popular crypto strategist and trader has recently explained that a local bottom is on the horizon for Bitcoin (BTC) along with the rest of the crypto markets – but there’s a catch.
Analyst Justin Bennett said that the Nasdaq (NDX) has recently broken down from an ascending channel, which he says does not bode well for Bitcoin.
“There goes NDX… which translates to the next leg down for BTC.”
The analyst also addressed Bitcoin and said that Bitcoin has also broken down from a rising wedge on the lower timeframe, suggesting that BTC is poised for a correction.
At the time of writing, BTC is changing hands for $38,546.
Regarding Ethereum (ETH), Bennett also says that Ethereum will likely follow the footsteps of BTC and head lower.
“ETH reversal right on cue. Still looking for $2,500.”
Bennett said that he sees BTC rallying to $52,000 with Ethereum recovering the $4,000 level. He also highlighted that the rally will likely begin in the coming days.
“Many of the chart structures I’m tracking point to a potential May 4th bottom. May 4th is the next Fed meeting, and we just got the first negative US GDP print since 2020. Down until then, a more dovish Fed sparks a relief rally from stocks and crypto. Likely.”
There are all kinds of optimistic predictions about the digital assets these days despite the massive volatility.
Michael Saylor talks about money that empowers people
Michael Saylor is addressing money that empowers people. Check out one of his recent posts on social media below.
You are free to choose money that empowers you rather than suffer from money that impoverishes you. https://t.co/ZIRda24y3v
— Michael Saylor⚡️ (@saylor) May 1, 2022
Someone said: ‘Warren Buffet don’t want to evolve from his idea of money and that’s his choice. The more Bitcoin is being criticized the more it grows, nothing can stop it. Warren Buffet chose to stick with the money he’s used to, that’s fine; but Bitcoin don’t need him, he needs Bitcoin.’