Bitcoin and ETH Holders Could Face a Deeper Pullback, Ansem Warns
BTC when published $79,516Now $80,568 ▲ +1.32% since it was published
Crypto trader Ansem has turned bearish on Bitcoin (BTC) and Ethereum (ETH). He warns that both assets broke their mid-timeframe trend and could slide faster below $82,000 and $2,400. Ansem also says being bullish onchain has become a contrarian position. In his view, sentiment is the worst he has seen in roughly nine years, and Bitcoin and ETH holders could face a deeper pullback. Why Ansem Turned Bearish on Bitcoin Now Ansem bases his call largely on stock market technicals. In his view, AI momentum stocks printed a parabolic blow-off top, a steep final surge that often marks the end of a rally. A lower high and a broken trend followed. Meanwhile, he says even the largest tech names are stalling at all-time highs.
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
