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Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook
Onye na-ewu ewu crypto strategist na-emelite echiche ya Bitcoin (BTC) amid an extended rally and weighing in on Ethereum (ETHNgwọta akpịrịkpa Arbitrum (ARB).
Onye nyocha nke ama ama Altcoin Sherpa agwa Ndị na-eso ụzọ Twitter ya dị 194,100 na Bitcoin is likely consolidating around its current price value of $28,278 ahead of an imminent breakout.
Sherpa shows a chart that illustrates previous periods of consolidations before big surges. He says Bitcoin is likely repeating a similar pattern.
“BTC: Good, solid lows take days and weeks to form. They always feel so choppy/boring while they are going but when you zoom out, it makes sense. These consolidations are healthy. Highs and lows stand out to you on the chart.”
Isi mmalite: Altcoin Sherpa/TwitterAccording to Sherpa, Bitcoin is currently in a two-week consolidation adọ and urges patience before a possible big breakout move. The seven previous consolidation periods he highlights in 2020 and 2021 range between 25 and 63 days.
“We’re currently in a two-week consolidation period right now, to be determined if we leg up or not. Patience…”
Isi mmalite: Altcoin Sherpa/TwitterNext, Sherpa looks at Polygon (MATAT)-rival Arbitrum and sets a near-term range n'etiti $ 1.30 na $ 1.50.
“ARB: I think that the next significant resistance area is $1.50, we haven’t seen any 4h closes above that area. Buy the dip spot would probably be around $1.30. Still think this one looks pretty decent overall.”
Isi mmalite: Altcoin Sherpa/TwitterArbitrum is trading for $1.33 at time of writing, up 10.3% in the past 24 hours.
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