Today, we will discuss the views of 3 different crypto analysts on the markets. While 2 of them shared their views on Bitcoin, the third analyst published his bullish expectations for FTM Coin along with his target. Analyst views can be useful to broaden our perspective on the markets. Of course, since we are aware that these commentators cannot see the future, we should not base our investment strategies on them.
Bitcoin Analyst Comments
A few hours ago, two analysts named AskCryptoWealth and Jelle made a statement regarding Bitcoin (BTC) $59,001 shared his views about. While the negativity in the US markets triggered the classic Monday decline, these charts can give us an idea. Holding above $60,000 over the weekend BTC Despite the expectation of a cut before the Fed meeting, it is repeating what it has done in previous meetings, falling.
Sharing the chart below, analyst with the pseudonym AskCryptoWealth drew attention to the liquidity target at lower levels and warned investors that if the Bitcoin price fails to reclaim $59,400, larger losses could be seen.
“After rallying to $60,000, BTC broke the daily resistance zone, which is showing a bearish trend. Currently, weekly support comes in at $58,000, with a long daily wick and a liquidity target at $56,400. Monthly, $59,400 should be reclaimed and we should see closes above $61,000.”
The second analyst, Jelle, wrote that the EMA50 support level on the four-hour chart was tested. Arguing that this does not mean a bad start to the week, the analyst does not target deeper lows. For now, BTC is at the $ 58,300 limit and volumes are recovering relatively from yesterday.
The Future of Phantom (FTM)
Fantom is an old protocol, managed by the so-called father of DeFi and extremely interesting in its field. Crypto Bullet bullish expectations for the last quarter are strengthening among investors FTM CoinHe draws attention to the historical performance of . The analyst who expects a rapid recovery has 2 bullish reasons.
- FTM Coin tends to rally when the market is bullish.
- Fantom is one of the high-capital companies.
In the chart shared by the analyst, attention is drawn to the 3.39 level after the targets of $ 0.96 and $ 1.94. The final break of the marked resistance level is what forms the basis of the bullish sentiment on the technical analysis side.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
