Today, the crypto market looks pretty bloody with all the important coins trading in the red.
Josh Rager said a couple of days ago that there’s nothing to worry so far because this is just a natural correction of the prices.
It’s been revealed that more optimistic crypto predictions pop up these days.
Bitcoin in the medium term
The online publication the Daily Hodl notes that A prominent crypto investor and technical strategist knew in the industry as Filbfilb says he’s now bullish on BTC in the medium term.
In his latest newsletter to investors, the analyst says Bitcoin’s 50-week moving average is a key indicator to watch in the weeks ahead.
“If Bitcoin is able to retest $9500, I will most certainly look to remove any leverage off the table at this point as I think it is more than likely that it will take some time to build enough momentum to break,” he explained.
He continued and said: “If Bitcoin can maintain the 50 WMA and dips are bought, we will form an inverse head and shoulders; the target of which would be mid $12,500 and a 1.618 target of the resistance at $11,500, which is ultimately the play I am looking before the halving.”
Tone Vays is a bear in the short term
Tone Vays, on the other hand, does not seem that optimistic these days.
He said that BTC would keep moving lower in the short term.
“All signs are pointing to the top being in. This is reminiscent of the last time the top was in at the end of October. It is reminiscent of the way the top was in August. Lots of similarities here. It was a good run-up. I’m happy that some people made money. And at this point, I am anticipating for us to turn back.”
At the moment of writing this article, the most important coin in the market is trading in the red and BTC is priced at $8,619.90.