The widely followed analyst is taking a bullish view on altcoins as the overall cryptocurrency market cap surpasses $3 trillion.
The analyst, who goes by the pseudonym Pentoshi, told his 811,300 followers on social media platform
However, according to an anonymous analyst, TOTAL3 will experience a correction during its rise.
“Where we’re going, we don’t need charts…
…trying to add some dip. Prices do not move in a straight line. There will be prison breaks, bull traps, bear traps and more along the way. “It’s all an opportunity.”
TOTAL3 is worth $741 billion at the time of this writing.
A widely respected analyst says Bitcoin (BTC), unlike altcoins, is unlikely to experience a sharp correction in the same way as previous cycles.
“You can see this directly in past bull markets, but BTC alone had eight declines of over 20%, all ending in a V reversal within one year. Is that what they expect this time? no. As a replacement? yes.
This is why you should always have some cash on hand for bad bids because this is the best money you can make.
“It is inevitable that these days we will get rid of people with excessive debt.”
On how often altcoins can experience sharp corrections during a bull market, Pentoshi says:
“Put simply, large drops of 15% to 20% or more in a single day usually pay off quickly and occur at least once a month.”
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