The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says Bottom Is In for Two Altcoins, Predicts V-Shaped Recovery for Bitcoin and Ethereum

by Daily Hodl Staff
December 8, 2021
in Altcoins, Bitcoin

A popular crypto analyst and trader says several crypto assets on his watch list have survived the recent market-wide pullback and are now primed to jump.

In a series of tweets, the pseudonymous trader Credible Crypto looks at the charts to give his 278,000 followers an updated price forecast for XRP, Bitcoin (BTC), Curve DAO Token (CRV), and Ethereum (ETH).

Last week, Credible identified key supply and demand ranges for XRP between $0.84 and $1.10. The asset then tumbled to as low as $0.60 on December 3rd before battling back, and now the analyst believes the bottom is in for XRP.

“XRP Update: As per my last update – a failure to reclaim RED sent us down to daily demand in what ended up being a major liquidation event across the entire market.

We ended up holding daily demand despite the [liquidity] wick to the downside. Key swing lows were swept. Bottom is in, [in my opinion].”

Image
Source: Credible Crypto/Twitter

Currently XRP is up 4.34% today to $0.86.

Moving on to Bitcoin, Credible expects the top crypto to defy pessimistic expectations and reclaim the $60,000 level by July of next year.

“Bullish. BTC.”

Image
Source: Credible Crypto/Twitter

Bitcoin is holding the line at $50,458 after suffering flash-crash lows around the $43,500 level nearly a week ago.

The analyst next looks at decentralized exchange and automated market maker protocol Curve DAO Token (CRV). The chart’s ascending pattern of higher highs and higher lows in recent months makes Credible think that CRV skeptics are in for a rude awakening.

“Bears looking for lower prices about to get hit with a curveball.”

Image
Source: Credible Crypto/Twitter

At time of writing, CRV is even on the day and changing hands for $4.01.

Finally, the pseudonymous trader considers the road ahead for leading smart contract platform Ethereum and the market leader Bitcoin.

He expects both crypto assets to experience a strong V-shaped recovery, with ETH working its way higher and higher – possibly to $10,000 or more per token.

“Getting ‘V reversal’ vibes here [to be honest]. This implies the bottom is in at $3,600 and we are essentially going to grind up with small dips along the way but nothing major.

Think ETH leads the way. Breaking and closing above $4,600 pretty much confirms it [in my opinion]. Gonna be fun. ETH. BTC.”

Ethereum is currently trading for $4,392, up 1.38% on the day.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

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 losses 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/DM7/nsimsek0/Vladimir Sazonov

Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,830.57
$117,830.57
1.22%
Ethereum
$2,969.73
$2,969.73
0.25%
BNB
$695.00
$695.00
0.75%
Solana
$163.85
$163.85
0.66%
XRP
$2.81
$2.81
8.9%

Spotlight

  • Economist Alex Krüger Outlines Three Bullish Catalysts for Bitcoin, Says Upcoming BTC Breakout Will Be ‘Explosive’
    July 4, 2025
  • Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP
    July 4, 2025
  • ‘I Don’t See How We’ll Do That’: JPMorgan’s Chief Global Strategist Says White House’s 3% US Economic Growth Projection Unsustainable
    July 4, 2025
  • Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000
    July 4, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl