A pseudonymous analyst on Tuesday said that Bitcoin (CRYPTO: BTC) appears to be losing momentum.
What Happened: ‘Smart Contracter’ told his 220,800 followers on Twitter that Bitcoin is likely heading towards a gradual, “choppy grind up” to $24,000, and ultimately a lower high. This suggests that BTC will experience some volatility in the short-term,
The analyst asked traders not to fall into the trap of longing for a big move with every hourly reversal candle. “Go touch some grass,” he said.
See Also: Top Indian Apps That Give Bitcoin, NFT Rewards
In another analysis, Smart Contracter said AI token Fetch.AI (CRYPTO: FET) “looks done here.”
The analyst said FET was one of the strongest altcoins over the last three months which was over “10 times from the lows.” FET was trading at $0.46, up 6% in the last 24 hours.
Price Action: At the time of writing, BTC was trading at $23,848, up 2.48% in the last 24 hours, according to Benzinga Pro data.
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