Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

Ku The Daily Hodl - 1 year ago - Waktos Maca: 2 menit

Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

Strategis crypto populér ngamutahirkeun outlook na Bitcoin (BTC) amid an extended rally and weighing in on Ethereum (ETH) solusi skala Arbitrum (ARB).

analis pseudonymous Altcoin Sherpa ngabejaan milikna 194,100 pengikut Twitter éta 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.”

Sumber: Altcoin Sherpa / Twitter

Numutkeun Sherpa, Bitcoin is currently in a two-week consolidation tahap 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…”

Sumber: Altcoin Sherpa / Twitter

Next, Sherpa looks at Polygon (MATIC)-rival Arbitrum and sets a near-term range antara $ 1.30 sareng $ 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.”

Sumber: Altcoin Sherpa / Twitter

Arbitrum is trading for $1.33 at time of writing, up 10.3% in the past 24 hours.

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Gambar anu diulas: Shutterstock / Oleksandra Klestova / Konstantin Faraktinov

pos teh Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook mucunghul munggaran dina Ari Hodl Harian.

sumber aslina: Ari Hodl Harian