Bitcoin and Altcoins Gearing Up for Bounce Higher, According to Crypto Trader – Here’s His Market Outlook
A crypto strategist known for accurately calling the 2021 digital asset cycle top believes Bitcoin (BTC) and altcoins are poised to bounce higher this week. The analyst pseudonymously known as Pentoshi tells his 855,900 followers on the social media platform X that the OTHERS weekly chart, which tracks the total market cap of crypto excluding the 10 largest digital assets and stablecoins, is flashing bullish. “Liking [last weekly candle]… [This] week higher for your favorite cryptocurrency coins in my opinion.” Source: Pentoshi/X He believes that the OTHERS chart may soon have a series of rallies and flip the $281 billion resistance level on the weekly chart into support. “These are going to likely be the most decisive spots in terms of trends, entries and exits for the foreseeable future. $250 billion is where we took longs and is very close to an HTF (high time frame) invalidation level which makes it cheap if wrong. $281 billion is our...