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A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Bitcoin (BTC) while offering his insight into two other digital assets.
The analyst pseudonymously known as CredibleCrypto tells his 404,100 followers on the social media platform X that Bitcoin appears “unequivocally bullish” on the high time frames despite the price action on the lower time frames indicating otherwise.
According to CredibleCrypto, Bitcoin is currently in a re-accumulation phase and its rise to a price of over $100,000 “will come rapidly.”
Bitcoin is trading at $64,110 at time of writing.
Turning to Ethereum (ETH), the widely followed analyst appears to suggest that the second-largest crypto asset by market cap could fall further after failing to react positively to news of the approval of spot Ethereum exchange-traded funds (ETFs) in the US. Referencing an earlier forecast that he expected Ethereum to fall below $2,800 if Bitcoin also underwent a correction, CredibleCrypto asks,
“[Ethereum] ETF launch has come and gone and we are in basically the same spot [with the price of Ethereum].
How’s this looking now? Still think it’s impossible?”
Ethereum is trading at $3,171 at time of writing, down by around 9% over the past 24 hours.
Next up is Dogecoin (DOGE). According to the pseudonymous analyst, the leading memecoin by market capitalization will top out this cycle after Bitcoin “hits its peak somewhere above $100,000.”
Dogecoin is trading at $0.124 at time of writing, down by around 7% over the last 24 hours.
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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.
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