In a new tweet, Smart Contracter tells his 86,700 followers that Bitcoin is starting to warm, with buyers continuing to defend around $ 30,000 in support.
“Ooof, there is a good buyback in BTC here. I think the move to rise to $ 50,000 has started. ”
The trader adds that the dominant bearish sentiment in the leading crypto asset is a bottom indicator.
“I think BTC plummeted very soon, plus all bears are asking $ 20,000 again.”
Smart Contracter also looks at Ethereum (ETH). The leader says the smart contract platform needs to be pulled down one foot before launching the next phase of the bull market.
“This is my new roadmap for ETH. Do I think it’s over? No. Do I think it will go deeper without going higher? Yes. I think $ 1,200 is sweet spot. “
Cream and others
The analyst is also closely watching the price action of decentralized finance (DeFi) lending platform Cream. He noted that Cream is out of consolidation and is on its way to a new increase from its all-time high of $ 250, representing a 44% increase from its current price.
“CREAM looks beautiful, always new heights. Inevitable. “
Smart Contracter is also on the rise on the blockchain scaling solution Matic Network (MATIC) and Acropolis (AKRO), a DeFi protocol aimed at creating decentralized and autonomous community economies. He believes both crypto assets are out of consolidation and ready to increase in value.
As for SushiSwap (SUSHI), Smart Contracter says the decentralized exchange has hit a short-term peak with a probability of falling to about $ 4.
“I won’t lie, it looks like a plain candle in SUSHI.”
Trader believes that Litecoin will also decrease. He estimates that the eighth largest crypto asset is ready to continue correction and revisit support below $ 100.
His analyst friend Michaël van de Poppe expects less bullishness in the crypto markets in the short term.
He believes that Bitcoin is facing a significant pullback, possibly below the $ 30,000 level, which will pull the altcoin market down with it.