An analyst widely followed describes the potential path to follow for Bitcoin (BTC), Solana (soil) and other cryptographic assets.
The analyst known in a pseudonym manner under the name of investments Investanswers indicates to his 563,000 YouTube subscribers that Bitcoin, Solana and other cryptographic assets are in a “classic bear trap”.
A bear trap is a situation where a decrease is interpreted as the start of a downward trend when it comes to temporary development which will reverse upwards.
“I think we are still on the bullish market. I am 95% sure that we are still on the bullish market. But this bear trap is designed to break your head. Don’t leave. Do not leave at this stage, ladies and gentlemen. »»
Turning to Bitcoin, the pseudonym analyst says that a bullish overturning model was formed on the Crypto King.
“(Bitcoin A) Amazing in this area (around $ 82,000) for seven or eight days. So it’s a classic double background, that’s what I like to see. »»
Bitcoin is traded at $ 81,602 at the time of the editorial staff.
On Solana, the pseudonym analyst says that the sixth greatest cryptographic asset by market capitalization is “radically undervalued” for the moment.
“A few weeks ago, I made a mathematical model – if Solana was valued like Bitcoin according to users, depending on income, depending on adoption, depending on transactions, etc. The market capitalization would be 24 dollars.
Bitcoin of 2 dollars. It would therefore be 12 times more precious than Bitcoin. And I know that Bitcoin is a reserve of value and stuff, but it is enough to put things in perspective. The cream will finally float upwards. We just don’t know when.
Solana is traded at $ 125 at the time of the editorial staff.
https://www.youtube.com/watch?v=JFVHX31Y-9K
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