Crypto Analyst Says Altcoin Could Print 10x Gains, Updates Bitcoin (BTC) and Ethereum (ETH) Forecasts
A closely-followed crypto strategist and trader reveals an altcoin he thinks could see a 900% rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
Pseudonymous crypto analyst Credible tells his 327,800 Twitter followers that he expects Bitcoin to correct as high as $38,000 before triggering another rally.
“Now against our resistance region. [I] would expect a pullback to at least $39,000 soon from here. Again, I think this is just base building before a full reversal. bitcoin.”
Source: Credible/Twitter
At the time of writing, Bitcoin is exchanging hands for $39,555.
Next is leading smart contract platform Ethereum, which Credible predicts will form a triangle structure in the next few months before breaking above $4,000.
“As expected, ETH is taking a breather after my last tweet. Would target $2,500-$2,800 for spot buys if interested in adding or building an ETH position.”
Ethereum is valued at $2,941 at the time of writing.
The last coin on the trader’s radar is Curve (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance.
According to the crypto analyst, CRV has already bottomed out and he expects the coin to see a massive rally.
“Yup, both winners in my opinion! 10x for CRV yes. I’d love to do a 10x on CVX from here, but that’s $300, so from current levels it’s going to be more of a challenge than 10x on CRV.”
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