Top Crypto Analyst Unveils Bitcoin Bottom Scenario, Updates Outlook on Ethereum and XRP

Top Crypto Analyst Unveils Bitcoin Bottom Scenario, Updates Outlook on Ethereum and XRP


A popular crypto strategist and trader is laying out his bullish thesis for Bitcoin (BTC) after the king crypto’s brief descent to the $18,000 level.

Pseudonymous crypto analyst Cheds tells his 284,700 Twitter followers that Bitcoin could be printing two double bottom patterns on the daily chart.

“BTC daily bull thesis would be a W forming on the right thrust of a larger W.”

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According to Cheds, $22,000 is the breakout level for the smaller W formation and $25,500 is the key resistance area for the larger W pattern.

Although the crypto strategist says that a W bottom is within the realm of possibility for Bitcoin, he notes that BTC can still plunge to $16,000 and keep the pattern intact.

“I think if we W it’s

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