A popular crypto analyst believes Bitcoin (BTC) is on the verge of a rebound while plotting paths for two altcoins.
The pseudonymous analyst known as Credible Crypto told his 300,700 Twitter followers that BTC could hit another local bottom before rallying back to $40,000 “in the coming days.”
“Then comes the big monthly statement.”
Bitcoin is trading at $36,833.16 at the time of writing, up 0.33% over the past 24 hours.
Credible crypto too expected decentralized finance (DeFi) altcoin Curve DAO Token (CRV) is rallying.
“Repeated sweeps of our lows into weekly demand/support are nice to see. We just printed a classic bullish div on the daily and would expect relief to $4-$4.50 soon.
This is also the region we MUST retake to confirm that we have bottomed out.”
CRV is the governance token of stablecoin-focused decentralized exchange Curve Finance. The 85th-ranked crypto asset by market cap is trading at $2.90 at the time of writing, down nearly 3% over the past 24 hours.
Credible Crypto Remarks that HBAR, the native token for the decentralized public network Hedera Hashgraph, has shown some interesting price action like CRV.
“HBAR on its first major breakout from its own accumulation range (like CRV). We broke out and hit 0.07 then immediately fell back to 0.03 before going 11x.
Crypto is volatile. If you’ve been here a few months, you know that.
If you can’t handle the volatility, don’t buy crypto.”
HBAR, the 35th crypto asset by market cap, is trading at $0.210971 at the time of writing.
Check the price action
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
follow us on TwitterFacebook 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 risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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/Lazy Clouds/Sensvector