Bitcoin (BTC) is stalling above $91,000 and altcoins are back in the green after a long period. PEPE Coin and other meme coins are leading the rise. But Ali Martinez’s latest rise PEPE He believes that it will not produce good results in private. Darkfost also issued a general warning.
PEPE Coin Price Prediction
No analyst has a magic ball that shows the future, and no one can predict with certainty the direction the price will go. However, examining the evaluations of different analysts based on technical and fundamental analysis allows us to look at the markets from different perspectives. That’s why you value analyst comments, but don’t copy their strategies exactly.
PEPE Coin Coming to this, Martinez, who has an upward trend in many altcoins, expects the decline to begin with the resistance test after a rapid recovery.
“PEPE has experienced a sharp recovery!
However, this may simply be a repeat of the decline before moving towards $0.0000015.”
The analyst, nicknamed MarketsHokage, mentioned that the possible decline in the BTC price could hit altcoins again soon. So how long will it be time to buy? According to MarketsHokage, we will see something change in cryptocurrencies once ETH starts closing above $3,400.
Beware of Cryptocurrency Rise
BTC and in altcoins The recovery excites investors. Especially investors who have sold in the last 3 months may be afraid of missing out if the rise continues. Even if you forget because negativity has been going on for weeks without a break, we have seen such short intermittent rises many times in the last 3 months. Each time, increases were interpreted as short selling opportunities and led to disappointment.
Cryptocurrency markets may actually be bottoming out this time due to false bullish expectations. The surprise-filled nature of cryptocurrencies suits this. However, instead of taking risks, the price above 98 thousand or 110 thousand dollars is at the expense of missing a significant part of the rise. BTC price It may make sense to enter the game after entering the game. But when those days come, the scenario that analysts such as Roman Trading have been sharing for months will come to mind. They expect BTC to rise to $104,000 after falling to $80,000 and then drop to $56,000.
Although Darkfost was hopeful for a change in trend, he advised caution.
“The market has started to improve, don’t believe it. A lot of data needs to be further developed before we can draw definitive conclusions, but some trend changes are finally starting to emerge.”
“The moment has come when we must be very careful.”
