The cryptocurrency market has been on a relief rally after tough days under regulatory pressure. Spot Bitcoin ETF applications from giant companies probably played an important role in this. After these developments, Bitcoin gained strong momentum and managed to rise above $ 30 thousand. In this positive atmosphere, a popular analyst announced his goals for Bitcoin and 5 altcoins he chose.
Popular analyst mapped the highs of these altcoins
Crypto markets are closing the day’s trade on a bullish note after the past few days. Therefore, it is believed that popular tokens are expected to maintain a decent uptrend based on their temporary bearish action. With this, cryptocoin.comAs you follow, Bitcoin price is currently struggling at $30,000. This increases speculation about the beginning of a new consolidation. In previous cases, BTC price had narrowly consolidated at each resistance for more than two weeks. Therefore, speculations are currently circulating regarding a similar action.
Industry giants have filed for a Bitcoin spot ETF. Since then, the markets have had a spectacular boost. Others have also announced their plans to launch a crypto exchange that gets investors extremely bullish over the long term. This is why one of the popular analysts, Michael van de Poppe, says that earlier the bull run started and now reveals the highs for the current bull cycle.
The analyst lists highs for Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Cosmos (ATOM). He also suggests that a correction or rejection will likely follow the rally. The analyst sets the target prices for Bitcoin selected altcoin projects as follows:
- Chainlink (LINK): $18-22
- Avalanche (AVAX): $55-65
- Litecoin (LTC): $220-260
- Ethereum (ETH): $2,700-3,000
- Bitcoin (BTC) $38,000-42,000
- Cosmos (ATOM) $25-35
Will Bitcoin be able to drag the market behind it?
Currently, Bitcoin RSI has rallied to reach the upper resistance standing at 70.74. So, it is possible for a small downtrend to push the price down. However, the RSI is an additional indicator that follows the price. Therefore, an adjustment is possible that could allow the RSI to improve over time.
However, Bitcoin price is likely to continue with a notable rise. It is possible that it will continue to rise towards the above-mentioned target. It is possible that other altcoin projects will follow the star crypto. Thus, they can record new highs for 2023.
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