Top Crypto Analyst Predicts Bitcoin (BTC) Rally Above $50,000 – But There’s a Catch

Top Crypto Analyst Predicts Bitcoin (BTC) Rally Above $50,000 – But There’s a Catch


A popular crypto strategist and trader is predicting that Bitcoin will ignite a rally above the $50,000 but warns that BTC may not be able to sustain its ascent.

Pseudonymous crypto analyst Pentoshi tells his 462,300 Twitter followers that he expects Bitcoin to print a bearish lower high setup above $50,000 before resuming its downtrend.

“We travel to [Michael] Saylor’s BTC average in 2022, in my opinion. But a lower high on the macro first. At least the way it looks for now. Invalidation is the same invalidation we’ve had since all-time high breakdown: above $58,000 – $60,700. Selling a lower high is such a good risk reward on both sides in my opinion. Minimal opportunity cost, max reward.”

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Source: Pentoshi/Twitter

According to Pentoshi’s chart,

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