A crypto analyst, who is closely followed in the crypto world, shares a prediction for the two altcoins, while he thinks that Bitcoin (BTC) is on the verge of a recovery.
Credible Crypto Known as the analyst, he believes to his 300,700 Twitter followers that BTC could experience another local low before returning to $40,000 “in the coming days.”
“Then comes the big monthly close.”
Bitcoin (BTC)At the time of writing, it is trading at $36,833, up 0.33% in the last 24 hours.
Credible Crypto is also a decentralized finance (DeFi) altcoin. Curve DAO Token(CRV) to recover.
“It’s good to see our weekly demand/support lows rise again and again. We’ve had a classic daily uptrend, expecting to see some relief to $4-4.50 soon.
It’s also a region we need to reclaim to confirm it’s in our bottom.”
CRV is the governance token of the stablecoin-focused decentralized exchange Curve Finance. The 85th-ranked crypto asset by market cap is trading at $2.90, down nearly 3% in the last 24 hours.
Credible Crypto notes that HBAR, the native token of decentralized public network Hedera Hashgraph, is showing some interesting price movements, like CRV.
“HBAR, on its first major exit from its own accumulation range (such as CRV). We split up and got to .07, then back to .03 just before going 11x. Crypto is volatile. If you’ve been here for a few months, you know it. If you can’t handle the volatility, don’t buy crypto.”
HBAR, the 35th ranked crypto asset by market cap, is trading at $0.210971 at the time of writing.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.