It’s been revealed that there is an important crypto trader who revealed that Bitcoin would see a massive rally. Check out the latest reports about these predicitons below.
BTC to see massive rally soon
Pentoshi who is the trader that we are referring at said recently that the king crypto could go up by another 30%.
He says the strength of the daily candle for Bitcoin is leading him to predict a rally to as high as $32,000. Bitcoin is worth $23,894 at the time of writing, according to CMC.
“This candle for BTC is just: Wow. As stated January 1st, I think the high range for this year is $28,000-$32,000. Have a feeling if we get there that’s going to be a super tough spot. This thing is truly wild lol. Looking at it in complete awe.”
It’s been also revealed the fact that the popular trader is also predicting a rally for Polygon (MATIC).
He said that Polygon will likely turn the $1.30 price level from resistance to support with the excitement over the planned March 27th launch of the blockchain’s scaling upgrade zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet beta.
He said Polygon could next be headed for $1.80.
“MATIC [in my opinion] soon $1.30 area is likely to flip to support. That can happen with the narrative for March 27th launch date. By then should be moving strong. Will be looking to buy dips and be patient and it to be one of the dominant narratives in a few weeks.”
There have been a lot of optimistic prediciotns about the price of BTC recently.
Bitcoin is about to start a new leg up
According to the latest reports, it seems that a popular crypto strategist believes that Bitcoin (BTC) is gearing up for a fresh rally. This could happen after the king crypto lost over 10% of its value over the past weeks.
Analyst Jason Pizzino said recently that he believes Bitcoin is still bullish, but he thinks the top crypto by market cap can go lower in the short term. Check out our previous article in order to learn more details about all this.