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Top Trader Warns Crypto Close to Printing Local Top, Predicts One Crypto Subsector Turning Hot in Coming Days – The Daily Hodl

Watched analysts are warning that the crypto market could enter a prolonged period of correction within days.

Pseudonymous analyst The Flo Horse told his 205,700 followers on social media platform he said.

According to crypto strategists, Bitcoin (BTC) will probably look Move to the top side again before printing the temporary top.

“I think we’re pretty close to the top of the right length. Of course, it’s months, not years.

Consider half-life ±1 month

The highs and lows form and consolidate a little.

There is a lot of variance and a lot of signs. It also wouldn’t be surprising if NVDA came out on top a little before and after the conference, although that doesn’t help with risk-taking.

I expect the price to drop for a month or two after it passes $70,000. ”

But events could occur before cryptocurrencies undergo a broader correction, says Flowhorse trigger A group of altcoins gathers. The analyst said the artificial intelligence (AI) crypto sector could rise significantly in anticipation of Nvidia GTC, a global AI-focused conference scheduled for March 18. .

“We just [eight] Only a few days left until the Nvidia conference. Meme coins are currently the most popular segment of the meme/AI barbell. But that should change, just in time for the return to AI, as people rush in at the last minute for perhaps another really easy event-driven trade. ”

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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated image: Mid Journey

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