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Bitcoin And Ethereum New Predictions Are Out

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There are new predictions about the prices of Bitcoin and Ethereum. Check out the latest reports about the prices of the most important coins out there.

Despite the market volatility, the optimistic predictions about the prices of digital assets keep flowing.

The crypto market sees a minor pullback

It’s been just revealed that a popular analyst says that the crypto market is set to see a minor pullback following a rally last week.

The pseudonymous crypto strategist Rekt Capital said not too long ago as per the online publication the Daily Hodl that Bitcoin (BTC), Ethereum (ETH) and other altcoins will likely shed some of their gains as they attempt to break resistance levels.

“After a strong week last week, the Crypto market looks set for a minor pullback. BTC, ETH and many Altcoins appear to be positioned for healthy dips which could figure as key retests of previous resistances into new supports.”

In his newsletter, Rekt says that Bitcoin will likely have some trouble cracking the $21,894 level.

This level currently sits right at the 200-week moving average, a level often thought of by traders as a crucial line of support or resistance.

“A rejection here could take place, at least towards the blue boxed region. Because the blue box represents a sideways range which price has broken out from.”

The same analyst noted the following:

“If BTC were to dip now, it would be to retest the top of that range as new support. Successful retest there and BTC would rally again towards the 200-week MA.”

Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $21,363.

Crypto analyst issues new crypto warning

A crypto strategist who accurately called the 2018 bear market bottom for Bitcoin (BTC) is issuing a fresh warning for the king crypto.

Pseudonymous analyst Smart Contracter has recently said that Bitcoin’s rally to around $24,000 last week now appears to be a trap set for BTC bulls.

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