Strategist Pentoshi, known for his analysis of the crypto money market, Bitcoin $95,771.38 And it foresees rise in subcoins. Pentoshi, known for its accurate estimation of the summit point of the market in 2021, said that the market could accelerate based on existing technical data. In particular, the movements in the Others index, the market may be positively reflected in the general.
Pentoshi’s Others Index evaluation
The strategist stressed that the Others index is approaching significant levels. This index represents the market value other than ten largest crypto currencies and fixed coins. According to technical analysis, the resistance level of $ 281 billion is expected to be exceeded.
Pentoshi said investors should follow $ 250 billion. He stated that this level is in support and a rise towards the level of $ 320 billion would be possible if it was upward and upward breaks. The level of 320 billion dollars is considered a partial starting point.
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Bitcoin protects its strong course
Bitcoin continues to remain strong despite the negative news flow on the market. Despite the developments in recent months, Bitcoin showed a remarkable performance, said Pentoshi, price movements have a solid structure, he said.
The total value of the crypto currency market is currently about $ 3,134 trillion. While the Others index is traded for $ 271.46 billion, Bitcoin’s price is $ 96,228. Pentoshi shared the view that the market could reach a level of $ 4,42 trillion in this quarter.
Stating that technical indicators point to the rise, analysts emphasize that investors should follow the critical levels closely. However, the market volatility should be taken into consideration.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
