Credible Crypto, a widely followed crypto analyst, is making predictions for an altcoin. Let’s say that the analyst has extremely accurate predictions. The analyst stated that while Bitcoin was at the level of 5 thousand dollars in 2017, it would increase to 20 thousand dollars. That year, the peak price of BTC actually reached $20,000. Now an altcoin is on the analyst’s radar.
Bitcoin’s big pump predictions
Credible Crypto, which has a significant following on Twitter, is on the agenda again. He shared his bullish view on Bitcoin with an altcoin. Accordingly, he predicts a big pump for Bitcoin, with monthly candles likely to exceed $10,000. Despite his optimism, he warns investors to be patient as the Bitcoin price is likely to drop as low as $29,100. This drop occurred as BTC briefly dropped to around $29,064 and then stabilized at $29,105 at the time of writing.
Despite the short-term price drop in Bitcoin and altcoin projects, Credible Crypto emphasizes that the lower timeframe pause in the bullish momentum does not change the positive outlook for Bitcoin in the higher timeframes. The analyst remains confident in the potential for significant upward movement in the future.
Bullish sentiments for Altcoin Curve (CRV)
The analyst also expresses his optimism about Curve (CRV), a DeFi altcoin. Credible Crypto states that many short positions in CRV are currently underwater. This indicates the possibility of a bottom formation for the asset, potentially leading to further push. He states that after completing the initial impulse, the CRV may experience a pullback to the mid-$0.50 level. On the other hand, if the asset stands firm and generates another impulse, he predicts that this will confirm the bottom.
Ranked #83 by market cap, altcoin Curve (CRV) is trading at $0.578 at the time of writing, down 3.7% in the last 24 hours. Despite the short-term decline, Credible Crypto has a positive outlook on CRV. This look highlights the potential for an upside move and the confirmation of a potential bottom.
Analyst sentiment of the crypto world
cryptocoin.com When we look at it as a whole, Credible Crypto has optimistic forecasts for Bitcoin and Curve (CRV). These predictions are making noise in the crypto community. On the other hand, traders are eagerly awaiting the potential big pump in BTC’s price.
However, the analyst says that a short-term price drop may delay the expected upward move somewhat. Therefore, he advises investors to be patient. While the altcoin CRV is also promising, the market continues to evolve. Investors take advantage of these opportunities with the opinions of reputable analysts such as Credible Crypto, whom they know with their accurate predictions.
