The crypto strategist who nailed the end of the Bitcoin bull market last year is predicting the emergence of a new trend for BTC.
The pseudonymous analyst known in the industry as Pentoshi tells his 656,200 Twitter followers that he believes the bottom is close for Bitcoin.
However, he highlights that a Bitcoin bottom does not necessarily translate into the birth of a new bull cycle.
“While the BTC bottom may be close, the time aspect of it is unlikely to be close. Time is the most valuable asset we have. Probabilities say we likely spend a lot of it sideways.”
Looking at Pentoshi’s chart, he appears to be predicting the end of Bitcoin’s year-long downtrend as he sees BTC trading sideways in