Crypto Analyst Predicts Possible Bitcoin ($BTC) and DeFi Token Curve ($CRV) Price Increases

A renowned cryptocurrency analyst recently announced that he expects the price of the flagship cryptocurrency Bitcoin ($BTC) to see a significant increase in the near future, while also suggesting that the Ethereum-based Curve ($CRV) could skyrocket.

In a series of posts made by pseudonymous analyst Credible Crypto to his audience of over 340,000 on the microblogging platform just a month ago.

Given Bitcoin’s recent drop below $30,000, Credible Crypto believes that “a little more patience” may be needed before seeing such a candle. The decline, he said, “doesn’t change the higher time frames.”

29.1k have been tagged which means we just have to be patient. This does not change anything on the higher timeframes, just a pause in bullish momentum on the lower timeframe. I’ll be posting a more detailed update soon! $BTC https://t.co/27wp8b8aVD

— CrediBULL Crypto (@CredibleCrypto) August 2, 2023

The analyst’s prediction comes at a time when more and more analysts are bullish on BTC. The CEO of a cryptocurrency financial services giant that manages over $2 billion in assets recently hinted that according to historical precedent, BTC could break $100,000 by 2025 after the halving.

As reported by CryptoGlobe, London-based multinational banking and financial services company Standard Chartered has previously hinted that the price of the flagship cryptocurrency will surge to $50,000 this year and break through $120,000 by the close in 2024 could, which is another major bullish price prediction for BTC.

Credible Crypto also recently pointed to a decentralized finance (DeFi) altcoin, Curve ($CRV), noting that a large number of short sales of the asset are currently under water, meaning there is a possibility that CRV could overtake the has reached rock bottom.

Some nice fundamental and technical developments at $CRV. I repaid the Frax loan which was the only one in imminent liquidation and now a lot of shorts are underwater paying over 250% APR to stay short lol.

A good chance that was our low when… https://t.co/UjaGkwKRzc pic.twitter.com/OGieFJcNyy

— CrediBULL Crypto (@CredibleCrypto) August 1, 2023

Notably, CRV’s price has fallen more than 20% over the past week and is now trading at $0.58 after an exploit in the Vyper programming language led to hackers siphoning millions from its stablecoin pools have deducted.

Recommended image via Pixabay.

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