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As Bitcoin is back to approaching $12,000 again, many crypto traders and analysts on Twitter are bullish on the largest crypto by market cap and bearish on altcoins.
Renowned crypto trader, Josh Rager tweeted that after having pullback by 30%, based on history, the next move would be an average gain of 153% before another major pullback.
$BTC: We had our 30% pullback so what's next?
— Josh Rager 📈 (@Josh_Rager) July 3, 2019
History says that price consolidates followed by an average gain of 153% before the next big pullback
There are great rewards for buying pullbacks in a bull market
My original tweet on this here:https://t.co/n6TeXJJDbn pic.twitter.com/TbjqsJH8bX
He also warned that most altcoins will continue to retest support until BTC dominance drops.
$BTC dominance climbing at 65%
— Josh Rager 📈 (@Josh_Rager) July 3, 2019
Bitcoin's dominance hasn't been above 70% since July 2017 & see this as a definite area w/ possible resistance
Majority of altcoins can continue to retest support until BTC dominance drops (which could happen near these levels) so pay attention pic.twitter.com/vE0IzdAnU2
Another crypto trader, @cryptoSqueeze said that Bitcoin’s chances of breaking $20K ATH is “high and no longer a meme”.
Weekly chart looks BULLISH AF although current candle not closed yet.
— Squeezy (@cryptoSqueeze) July 3, 2019
Looks like that inv hns is not happening anymore.
Chances of breaking $20k ATH is a high and no longer a meme pic.twitter.com/XirxJTrHlK
Followed by another tweet predicting the “fall of Ethereum”.
$ETH is on the verge of jumping off a cliff with a descending triangle.
— Squeezy (@cryptoSqueeze) July 4, 2019
ETH/BTC looks bad.
ETH/USD not looking bullish either.
If BTC continues to be bullish, the long term ETH/BTC floor will be broken.
Stay safe.#PrayforETH #Ethereum pic.twitter.com/oWC1hEtfyP
Meanwhile, The Crypto Monk also posted similar tweet about the largest crypto and the altcoins.
$BTC decided to keep the show going.
— The Crypto Monk ⛩ (@thecryptomonk) July 3, 2019
That means your favorite alts are gonna get demolished. pic.twitter.com/XVWBTE9ULF
Trader Moon Overlord told his followers, “There’s likely still time to dump your alts before the next BTC move up”, while also showing his prediction of the next BTC move.
Consolidation above support
— Moon Overlord (@MoonOverlord) July 3, 2019
Number go up$BTC pic.twitter.com/KSZIh7wUSA
Lastly, Fundstrat’s Thomas Lee predicted that BTC is “ready to make its own fireworks” as the US celebrates its independence day today.
July 4th is Independence Day in the US, a time for celebration and #fireworks (day off from work, hopefully).
— Thomas Lee (@fundstrat) July 4, 2019
Some might say $BTC ready to make its own 🚀🎉 ‘fireworks’#cryptowinterisover#BTD
Happy 4th 🇺🇸! pic.twitter.com/RzDfWmewXa
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