With Bitcoin breaking all-time highs, a closely-watched crypto trader expects BTC to continue rising as an altcoin on his radar prepares to rise.
Dave the Wave The analyst and trader, known by his name, stated on his Twitter account that Bitcoin is currently in an ascending channel and is rising towards the $ 75,000 level. This ascending channel started with a drop around $55,000.
“Short term. With the price still inside an ascending channel, it wouldn’t surprise me at all if we entered the $70,000 area and then a consolidation process.”
According to the analyst, in the next few months, BTC may climb up to $ 100,000 as it is located in this ascending channel.
Bitcoin (BTC) is currently trading around $66,800.
As Bitcoin continues to rise, trader low-value altcoin verge‘NS (XVG) He said he was following it closely. Verge is a privacy-focused blockchain that runs on the original Bitcoin blockchain, trying to offer a fast and efficient decentralized payment network.
XVG is currently trading at just $0.026. According to the analyst, the bull run seems to be strong enough to gain at least 8300% over the current price, and the price could rise to $2.0 as a result of this run.
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.