A popular cryptocurrency trader thinks that Bitcoin (BTC) will continue its bullish momentum up to $50,000. He also cites 2 altcoin projects that may be bullish in the near future. Here are the details…
Analyst cites Bitcoin predictions
Credible, a cryptocurrency analyst, tells his 319,000 Twitter followers that BTC has already broken the peaks of “wave B” or the first rise of a triangle structure. “We broke the highs of our B wave, indicating that the triangle was probably completed earlier. “The areas of interest are the same (green zones) if we experience any dips, but at that point, we can go straight up to $50,000.”
He added that he does not expect a major correction in the short term. Bitcoin (BTC), the largest cryptocurrency by market cap, is trading at $47,196.69 at the time of writing, up about 11 percent from where it was priced a week ago.
Analyst expects a rise in these 2 altcoin projects
As we have previously reported as Kriptokoin.com, the analyst also referred to Hedera Hashgraph (HBAR), a public network for peer-to-peer payments, It hints that HBAR may be bullish. HBAR is trading at $0.23 at the time of writing. The analyst uses the following statements:
HBAR looks really good. It clears the weekly red level to confirm that our bottom is the same level I’ve been talking about for months. I said earlier that I think the bottom is inside and we just need confirmation – closing above RED (weekly level) confirms that I think.
Additionally, the analyst predicts big things for Convex Finance (CVX), an Ethereum-based protocol built on stable currency exchange Curve Finance (CRV). “It’s already up more than 100 percent from the lows, the next area of close interest/resistance is around $40 where I think we might see some pullback,” the analyst said. CVX is trading at $30.39 at the time of writing.
Credible Crypto also feels optimistic about the CRV itself. The analyst says that if the CRV breaks the current resistance level, it could rise as high as the $4.50 range. The CRV is trading at $2.66 at the time of writing.
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