- Pseudonymous analyst Pentoshi with 671,300 followers on Twitter predicted the Bitcoin bull market last year.
- Pentoshi has also predicted that blockchain scaling solutions like Polygon (MATIC) and smart contract protocol Avalanche (AVAX) are set for massive surges.
The crypto market has stabilized a little with Bitcoin trading at stagering $23k. In the last seven days, investors have gained about 1 percent profit on their Bitcoin investment. According to some price prediction platforms, Bitcoin is in a bearish mode as current sentiment has hit a huge low.
According to some experts, investors could make a profit off altcoins as most of them are poised for an incredible run. Pseudonymous analyst Pentoshi with 671,300 followers on Twitter predicted the Bitcoin bull market last year. Pentoshi has also predicted that blockchain scaling solutions like Polygon (MATIC) and smart contract protocol Avalanche (AVAX) are set for massive surges. He believes that these assets look bullish and could surge toward a key resistance level.
Matic is currently trading at $1.12 and is up by 10 percent in the last seven days. AVAX is also trading at $20 and is up by 13 percent in the last seven days.
This one the most important and historical spot on the chart is $1.30. Think that is a great place to focus on the next major move. If able to close three-day [chart]+ above that, then we go into the previous range. Reject and back to the local lows shown.
Pentoshi predicts that AVAX is likely to see a 36 percent surge.
AVAX prediction could be influenced by the partnership
This prediction could be facilitated by the recent partnership agreement between Amazon Web Services (AWS) and Ava Labs. The partnership is meant to assist individuals to launch and manage nodes on the Avalanche. In addition, it seeks to make the network more stronger and flexible for developers. As part of the deal, AWS…
