A widely followed crypto trader and analyst says he expects Bitcoin to continue rallying while predicting surges in two emerging altcoins.
The crypto analyst known as Pentoshi tells his 294,400 Twitter followers that Bitcoin is forming a bullish pattern, suggesting that BTC is on the verge of another leg up.
“BTC kinda looks like a bull flag in a bull market on the four-hour [chart].
Up only season?”
Pentoshi is also looking at decentralized blockchain protocol Algorand (ALGO), which he says looks ready to bounce after finding more buyers above $1.60.
“Anyone who’s followed these ALGO setups knows how beautiful it’s traded.
[In my opinion] this is likely at/or around a bottom before its next leg up. The first leg of price discovery is complete and now has set a base with consolidation.”
Pentoshi is also looking at Algorand against Bitcoin (ALGO/BTC), which he says can soar as high as 0.000074 BTC, worth $3.69 at time of writing. The move marks a potential upside of 85% from the pair’s current value of 0.00004 BTC ($1.97).
“BTC pair targets shown.”
Looking at Curve (CRV), the governance token of the stablecoin decentralized exchange Curve Finance, Pentoshi predicts the asset can make a run for $3.80 once it flips resistance at $2.77 as support.
Currently, the asset is trading at $2.81, according to CoinGecko.
“CRV. Flip this to support and $3.80 is the next area of interest
Looking really good.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/jdrv_art