A closely tracked crypto strategist and trader is unveiling one altcoin he believes could record a 900% rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
Pseudonymous crypto analyst Credible tells his 327,800 Twitter followers that he expects Bitcoin to correct to as low as $38,000 before it kicks off another rally.
“Up against our resistance region now. [I] would expect a pullback to at least $39k from here soon. Again, this is just a base-forming here before a full-on reversal, in my opinion. BTC.”
At time of writing, Bitcoin is exchanging hands for $39,555.
Next up is leading smart contract platform Ethereum, which Credible predicts will form a triangle structure over the next few months before breaking above $4,000.
“ETH taking a breather as expected following my last tweet on it. Would be eyeing up $2,500-$2,800 for spot buys if interested in adding to/or building an ETH position.”
Ethereum is valued at $2,941 at time of writing.
The last coin on the trader’s radar is Curve (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance.
According to the crypto analyst, the bottom is already in for CRV, and he expects the coin to go on a massive rally.
“Yup both winners in my opinion! 10x for CRV yes. Would love a 10x on CVX from here but that’s $300 so will be more of a challenge from current levels than 10x on CRV.”
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Featured Image: Shutterstock/Tithi Luadthong/LongQuattro
