Recommendation: In the long run, the BTC bull market is not over, but altcoins have a better risk / reward ratio compared to the new year.
According to Daily News Hodl, anonymous cryptocurrency trader Pentoshi has said Bitcoin will bring major reforms and Ripple (XRP) is moving to a new price. He estimates that the value of Bitcoin will fall below $ 20,000. Pentoshi said the timing of Bitcoin's rise indicates a reversal. He also noted that the grayscale data, the data it manages, and both Bitcoin and Ethereum assets have declined slightly in recent days. Pentoshi said the data supports his view that Bitcoin has risen. Pentoshi added that in Bitcoin trading, the goal is not to estimate the high or the low of Bitcoin, but to capture large assets. The trader said that in the long run the Bitcoin bull market is not over yet, but at the start of the new year he believes altcoins have a better level of risk rewards. Pentoshi also said that Ripple is planning to start a legal battle with the United States Securities and Exchange Commission (SEC), but XRP is still looking down. He predicts that XRP will lose half of its remaining value in the future.
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