A closely watched crypto strategist and trader shared an altcoin he believes could record a 900% rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
The analyst, using the pseudonym Credible, told his 327,800 Twitter followers that he expects Bitcoin to drop as low as $38,000 before starting another rally. told.
“We are now facing our resistance zone. I expect a pullback to at least $39k from here soon. Still, I think this is just a grounding before a complete (trend) reversal. BTC.”
The next coin is the leading smart contract platform, which Credible predicts will form a triangle structure over the next few months before surging above $4,000. Ethereum.
“ETH took a breather as expected following my last tweet about it. If you are interested in adding/or creating an ETH position, $2,500-2,800 for spot purchases can be followed closely.”
The latest cryptocurrency on the renowned analyst’s radar is the management token of the stablecoin-focused decentralized exchange Curve Finance. Curve (CRV). According to the crypto analyst, there is already a bottom It has formed and it is quite possible for the cryptocurrency to make a big rally. “Do you expect 10x?” asked based on analyst CRV and CVX. He answered the question as follows:
“Yeah, I think they’re both winners! 10x yes for the CRV. I’d love 10x on CVX from here but that’s $300 (meaning) so in my opinion current levels will be more challenging than 10x on CRV.”
You can check the price movements here.
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.