Top Analyst Warns of Possible Correction for Bitcoin and Ethereum

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Cointime2023/12/26 08:22

By:Cointime

According to a popular crypto strategist, Bitcoin and Ethereum may be heading towards a significant correction. The strategist, who uses the Elliott Wave theory to predict future price action, believes that both cryptocurrencies are currently in the midst of an ABC corrective pattern. The analyst suggests that BTC and ETH may be positioning for the last leg down of the pattern, and shares a chart showing BTC potentially pulling back to $39,000 and ETH dropping to $2,000. The strategist advises caution and recommends monitoring the situation over the next few weeks.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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