Trader Says “After Bitcoin Breaks This Resistance There’s No Going Back”

Cryptocurrency trader Pentoshi, who hit Bitcoin’s plunge in 2018, said there is only one major level that needs to be breached by BTC before it becomes “unstoppable.”

The trader told his 212K followers on Twitter that if Bitcoin crosses $48,000, nothing will stop him from reaching new records.

According to Pentoshi, if that happens, Bitcoin should start a new high cycle capable of driving the price above $64,000.

“Above $48,000, I don’t think anything is stopping that train. It is the last level structurally that could form a lower macro rally. $45,000 to $48,000 there is very strong resistance due to the time we allocate above it. We will probably see $40,600 again before anything [fuga] fact.”

So, who deal with Trader, all eyes are on $48,000.

Ethereum price

As for Ethereum, Pentoshi believe this The world’s second largest cryptocurrency by market capitalization is poised for a bullish boom of around $2,700.

A good area for a higher low is shown on the chart. This is the first area I would personally buy. I would like to emphasize the market structure now that we have higher highs, with this tracing in the range of inverted highs to support higher lows.

Moreover, the merchant went further. He Certain That Ethereum will eventually overtake Bitcoin, surpassing its market cap. At the same time, Bentoshi cited some of the main motivators for this.

“ETH will overtake BTC. I will maintain that view. With everything going on in this space, this is becoming increasingly clear. PoS Arrival [Prova de Participação] It will reduce inflation. He concluded that emissions would be reduced by 90%.

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