According to the famous cryptocurrency analyst, a rally is on the horizon for Bitcoin (BTC), XRP and Shiba Inu (SHIB). A popular crypto analyst predicts imminent bursts for Bitcoin (BTC), XRP and Shiba Inu (SHIB). In Coin Bureau’s latest update, the analyst nicknamed Guy tells his 1,940,000 subscribers that he’s seeing a bull flag for the largest crypto asset by market cap. Detail cryptocoin.com‘in.
Rally for Bitcoin, but what about SHIB?
Bullish flags are technical patterns that consist of a price increase followed by consolidation that suggests upcoming rallies. According to Guy, BTC is also forming a cup and handle pattern on the higher time frame, which is another bullish technical pattern. Guy says:
I see a small bull flag forming for BTC daily. My bets are on a pump, in which case we could go up to $46,000 in the coming days. If we manage to break above $46,000, this will see the completion of a “cup and handle” pattern that could push BTC as high as $56,000 in the next few weeks. All the while, the BTC balance on the exchanges continues to drop, making me feel very strong no matter what happens here and now.
Guy also believes that XRP is rebounding due to Ripple’s decision to join a European think tank focused on developing central bank digital currencies (CBDCs). Guy says:
Another cryptocurrency that made the weekly winners list was XRP last week, and this time it seems to be pumping news that Ripple has joined the Digital Euro Association, a think tank that aims to assist in the development of the European Union. Although XRP is still struggling to recover from its recent losses, it remains in a strong long-term uptrend that started in 2020.
Finally, Guy is reacting to news of the Shiba Inu metaverse, which he believes could help give SHIB a massive 50% rally soon. Guy says:
The Shiba Inu seem to be creating their own metaverse world. From what I understand, Shiba Inu will soon start selling land in the upcoming metaverse and LEASH token holders will get the first selection. The SHIB still seems to be hibernating, but if this cup and handle works daily, we may see a 50% pump in the near future.
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