{"id":597201,"date":"2023-01-13T14:49:28","date_gmt":"2023-01-13T20:49:28","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/13\/bitcoin-claims-18-8k-top-analyst-reverses-his-prediction\/"},"modified":"2023-01-13T14:49:28","modified_gmt":"2023-01-13T20:49:28","slug":"bitcoin-claims-18-8k-top-analyst-reverses-his-prediction","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/13\/bitcoin-claims-18-8k-top-analyst-reverses-his-prediction\/","title":{"rendered":"Bitcoin Claims $18.8K, Top Analyst Reverses His Prediction"},"content":{"rendered":"
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The pioneering cryptocurrency, Bitcoin<\/a>, has recently broken through the $18,800 mark after struggling to move beyond $17,000. This bullish trend has affected the entire crypto market, as most of the major cryptocurrencies are currently controlled by bulls. Additionally, the global crypto market capitalization has risen by 2.87% in the last 24 hours, and is currently valued at $910 billion.<\/p>\n

One notable crypto analyst and trader, Smart Contracter, who had previously predicted the bottom of the market in 2018, has now reversed his stance on Bitcoin<\/a>. He informed his 218,100 Twitter followers that his bearish outlook on Bitcoin has changed, and that he is now considering taking long positions if there is a breakdown.<\/p>\n

Bitcoin At $20k Soon ?<\/h2>\n

The analyst also claims that Bitcoin will soon outshine other cryptocurrencies if the pace is maintained.<\/p>\n

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now that #btc<\/a> broke out of this slow choppy grind up, im scrapping bearish bias and looking to long pullbacks.<\/p>\n

Price action looks impulsive to me now and i also believe with btc on the cusp of taking out the december high btc dominance will rise and btc outperform alts. pic.twitter.com\/3oOYmky5Pb<\/a><\/p>\n<\/div>\n

\u2014 Bluntz (@SmartContracter) January 12, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

As indicated by the chart, the strategist is suggesting that Bitcoin has already surpassed $18,800, and will continue to climb. Smart Contracter\u2019s prediction is based on the Elliot Wave Theory.<\/p>\n

At the time of publication, Bitcoin is trading at $18,918, having risen by 3.94% in the last 24 hours.<\/p>\n

Additionally, the analyst also mentions Bitcoin\u2019s dominance in the market, stating that it will increase from its current 38% to 43%.<\/p>\n

Avalanche (AVAX)<\/h2>\n

Lastly, Smart Contracter discuss about Avalanche<\/a> (AVAX), a smart contract blockchain. As per the trader, Avalanche has dropped by nearly 90% from its all-time high. He also states that when AVAX makes a downward move, he will consider purchasing it.<\/p>\n

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now that avax broke out of that high timeframe ending diagonal with a god candle it does look like a bottom to me.<\/p>\n

Defo cant chase here but 100% back on my radar again for pullback buys pic.twitter.com\/7Ijb4jlajN<\/a><\/p>\n<\/div>\n

\u2014 Bluntz (@SmartContracter) January 12, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

At present, Avalanche has gained 2.35% over the last 24hrs and is now valued at $15.65.<\/p>\n<\/div>\n

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No<\/span> Yes<\/span><\/h5>\n<\/div>\n
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\"Photo <\/a><\/p>\n

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Elena R<\/a><\/h3>\n

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Elena R<\/p>\n","protected":false},"excerpt":{"rendered":"

The pioneering cryptocurrency, Bitcoin, has recently broken through the $18,800 mark after struggling to move beyond $17,000. This bullish trend has affected the entire crypto market, as most of the major cryptocurrencies are currently controlled by bulls. Additionally, the global crypto market capitalization has risen by 2.87% in the last 24 hours, and is currently<\/p>\n","protected":false},"author":1,"featured_media":597202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,2602],"tags":[],"class_list":{"0":"post-597201","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-claims"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/597201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=597201"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/597201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/597202"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=597201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=597201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=597201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}