Widely running cryptocurrency analysts and traders are bullishing towards Bitcoin (BTC) as flagship crypto assets traded at around 7% below the highest ever in May.
An analyst known as Pentosi tells 866,300 followers of social media platform X that the Spot Bitcoin Exchange Trade Fund (ETF) is “the fastest growing ETF in history.”
Pentosi believes that a surge in Bitcoin adoption will ultimately cause happen “Never look back” on money.
“The younger generation will sell Boomer’s parents’ gold to digital gold.
You can discover more gold at any time, but Bitcoin only has 21 million.
Easy to use and easy to move around.
This is not a US dollar thing, it’s a breakout that really sends us. ”
Source: Pentoshi/X
Bitcoin is trading at $104,323 at the time of writing, while gold is worth $3,367. Based on the trader’s chart, the Bitcoin/Gold pair has the last line of resistance at 40.
Next is Ethereum (ETH). The pseudonym analyst says the second-largest cryptocurrency by market capitalization could increase nearly 30% from current levels after consolidating for weeks within a robust range.
“As ETH is increasingly compressed, this should be resolved in the very near future, perhaps at any time.
Many positive tailwinds have been largely ignored, and one example of the (Securities and Exchange Commission) hint from the SEC that is not security for the past week.
The dip is for purchase. In my opinion, the $3,200 area should be on the table soon. ”
Source: Pentoshi/X
Ethereum is trading at $2,472 at the time of writing.
Generated Image: Midjourney
