Excellent Forecast! Cryptanalyst From Bitleon Believes That BTC May Soon Retest The $46,000 Level

Excellent Forecast! Cryptanalyst From Bitleon Believes That BTC May Soon Retest The $46,000 Level

27.05.2022 Off By admin

Cryptanalyst from Bitleon believes that BTC may soon retest the $46,000 level

Cryptanalyst from Bitleon (bitleon.com) believes that BTC may soon retest the $46,000 level.

He believes that BTC may soon reach the $46,000 level and even go higher.

The analyst highlighted the levels that are of particular importance for bitcoin:

“IF THE MARKET WANTS TO SEE CONTINUED GROWTH, BITCOIN SHOULD BREAK THROUGH THE AREA OF ABOUT $42,300. IF IT IS OVERCOME, WE CAN EXPECT AN EARLY RETEST OF THE $46,000 MARK AND, POSSIBLY, A HIKE ABOVE $50,000.”

According to the analyst, bitcoin looks good for continued growth so far, as the US dollar index (DXY) shows weakness (BTC usually strengthens when DXY weakens):

“SO FAR, EVERYTHING IS GOING WELL FOR BITCOIN. I THINK THAT THE POTENTIAL FOR GROWTH IS NOT EXHAUSTED, AS DXY SHOWS WEAKNESS. I STILL BELIEVE THAT THE CONTINUED GROWTH OF BTC IS LIKELY IF THE $40,300 LEVEL IS MAINTAINED”

There was also a separate statement about the GMT altcoin, which provides users with NFT sneakers and rewards them for the steps they have taken. The analyst believes that STEPN’s current capitalization of $1.9 billion is a ridiculous joke:

“TO BE HONEST, GMT’S CAPITALIZATION OF $1.9 BILLION LOOKS LIKE A RIDICULOUS JOKE, BUT THE FIGURE SAYS A LOT:

the potential of the markets is huge and we are in the early stages of formation.
in the crypto world, marketing plays a primary role.
capitalization levels can still be insane”