The first quarter, which ended in March, set the stage for the next altcoin season. A large staff of analysts, including Michaël van de Poppe and BitBoy, expects an eventful week as BTC and Ethereum push the highs of recent months.
Van de Poppe sets new levels for Bitcoin and Ethereum
The widely followed crypto analyst predicts a “fun” quarter for Bitcoin, Ethereum and the market at large. In his current analysis, he said that Bitcoin could reach $50,000 in the next quarter of 2023:
Bitcoin could continue to move towards $40,000-$50,000 and Ethereum to $2,800-3,000. Altcoins are gaining more momentum (and have a small window) as confidence returns to markets.
Delving deep into BTC, Van de Poppe thinks the leading crypto will experience some slight dips on its bullish path:
Bitcoin looks strong, but there will be some shallow corrections in the uptrend. I marked $31,700-32,000 as a key resistance point. But $25,000 was the level everyone wanted to get. That will probably slide to $28,500 and then no one is buying. I’d rather focus on $29,700.
Chainlink (LINK)
The analyst, who switched to Chainlink (LINK), reported that the oracle token is on the verge of a breakout. According to their analysis, “A bullish divergence occurred on the daily chart, implying that we are back from here. Finally, there may be an exit from the $ 15-20 range.”
Overall, Van de Poppe says he sees positive signs for the future of crypto. In his current analysis, he mentioned the following levels as short-term price targets:
- Bitcoin is 30,700 dollars.
- Ethereum is $2,100.
- Chainlink is $7.80.
- “Most likely, the markets will continue to move up in the coming months.”
Crypto Rand points out Shiba Inu for upcoming rally
Shiba Inu remained in consolidation last month despite occasional gains recorded by the broader crypto market. However, this consolidation phase may be coming to an end, according to analysts who predict it will break out of its current cautious state.
Crypto Rand, a well-known crypto investor and trader, noted a pattern observed with the Shiba Inu on the daily chart. The chart reveals a descending wedge that SHIB has fallen into several times and shows its price skyrocketing each time it hits the bottom of the descending wedge. This move occurred in October 2022 and hit a peak of $0.00001488 before the FTX-induced drop the following month.
SHIB also hit the bottom of the wedge in December 2022, sparking another price rally that hit $0.00001527 on February 5 this year. SHIB then once again reached the bottom of the wedge. Considering past performances, Crypto Rand is confident that it will hold a rally again.
SHIB price predictions
Also, a Shiba Inu community phenomenon SHIB KNIGHT is predicting an impending breakout, pointing to a long-standing accumulation pattern that SHIB has observed around the $0.0001091 region.
BitBoy weights XRP over Ethereum
Ben Armstrong, commonly known as “BitBoy”, clarified that XRP is the best altcoin choice for the next bull run, citing several reasons. BitBoy’s motives are based on speculation that the legal battle between the US SEC and Ripple will end soon.
BitBoy announced its decision in a YouTube video it shared today via its Twitter handle. He says XRP is the only altcoin he fully trusts as the crypto market moves towards its next bull run.
In the video, he explained that he is completely confident in Ripple. The SEC lawsuit could end at any time as the hearing schedule closes.
BitBoy also stated that the predictive work of XRP depends on whether Ripple wins the case with a deal or a sure win. However, he did say he would prefer a settlement as it would remove the SEC’s chances of appeal. The appeal will further continue the legal pressure on XRP.
Can XRP go back to its old days?
According to BitBoy, if the case ends in a settlement, the chances of appeal are gone and XRP may rally, freeing itself from legal pressure. In addition, he underlines that XRP will stand firm as the only altcoin that has passed the test and is considered non-secure.
BitBoy also drew attention to XRP listings on exchanges that delisted it due to the SEC lawsuit. He pointed out that when a major exchange like Coinbase relists, its price may recover.
BitBoy also claimed on Wednesday that XRP will make investors rich once the SEC lawsuit is over. In the midst of XRP’s recent rally, he mentioned that investors were upping their bags due to a positive insider report.
XRP lawsuit aside, the SEC is also scrutinizing the DeFi altcoin market. cryptocoin.com We have included the latest developments in this article.
INJ could be the next bull star, not Ethereum or XRP
In this forecast from Twitter’s The Crypto Dog, it was predicted that the Tier-1 DEX protocol Injective (INJ) could track Solana-like price movements.
According to the analyst, “INJ is one of the strongest performers. An L1 that I think has a chance to be the SOL next season. $15 short-term will be incredible in the coming months (closer to $1.4 billion FDV). I’m bullish in the short term and have a long-term spot bag that I want to hold into 2025.
Meanwhile, INJ price rallied in double digits last week with the anticipated news of the first Solana rollup for Cosmos. At the time of writing, it is trading at $7.91, down 6% from the last 24 hours.
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