It’s been reported that the path toward Bitcoin recovery has been highlighted by an important analyst. Check out the latest reports below.
Bitcoin price prediction is out amidst the crypto markets meltdown
It’s been just revealed that there is a crypto strategist who accurately nailed the 2018 Bitcoin (BTC) bear market low. Now, he is mapping out what’s ahead for the king crypto after it reached fresh 2022 lows.
Pseudonymous analyst Smart Contracter just said that Bitcoin may be near a final low after it printed a new bear market bottom of around $15,700.
According to the strategist, BTC may have finally fallen enough to begin a long-term reversal.
“The first stage of the sweep [is done]. Now we wait patiently for price to close back into the prior breakdown range on daily timeframe and go all in.”
At the moment of writing this article, BTC is trading in the red and the coin is priced at $16,538.
Altcoins for accumulation?
Earlier today, we revealed that a popular crypto analyst who says the best altcoins to accumulate right now include Solana (SOL), Polygon (MATIC), and five Ethereum (ETH) rivals.
In a new strategy video, the host of InvestAnswers said that there are five layer-1 altcoins, TRON (TRX), Tezos (XTZ), Harmony (ONE), Flow (FLOW), and Fantom (FTM), which are currently a solid value based on the price per daily active users (DAU) metric.
“This is probably the most important thing you need to look at. And this is the most bang for the buck layer ones out there. Some of them are old like the TRONs (TRX) of the world and Tezos (XTZ). But you have Solana there, you got Polygon there, you got Harmony (ONE), Flow (FLOW), Fantom (FTM). These are all cheap based on the price per daily active users.”
Stay tuned for more news.