A prominent analyst predicts another spike in Bitcoin and two emerging altcoins.
The person known in the industry as Pentoshi told his 294,400 Twitter followers that Bitcoin is forming a bullish pattern, suggesting it will continue to rise over the next few days.
“It looks like BTC is forming a bullish flag pattern on the 4 hour chart.
It is expected that it will continue to increase. “
BTC / USDT 4-hour chart | The source: Pentoshi / Twitter
BTC / USDT daily chart | The source: Pentoshi / Twitter
Pentoshi is also investigating the decentralized blockchain protocol Algorand (ALGO). He believes the altcoin has found support in the $ 1.6 area.
“Everyone who has followed ALGO has seen how nicely it is structured.
In my opinion, this altcoin could have bottomed out around $ 1.6 locally. The first phase of pricing has been completed and now the pre-boom base zone has been set up. “
3-day ALGO / USDT chart | The source: Pentoshi / Twitter
Pentoshi is also looking at its bitcoin pair (ALGO / BTC), which he says could hit as high as 0.000074 BTC, which is worth $ 3.69 at the time of writing. The move marks a potential 85% increase over the current price of 0.0004 BTC ($ 1.92).
“This is the BTC couple’s next target.”
3-day framework ALGO / BTC chart | Source: Pentoshi / Twitter
Looking at Curve (CRV), the governance token of the decentralized exchange Curve Finance, Pentoshi predicts the altcoin could climb to $ 3.80 once it breaks the resistance at $ 2.77.
The token is currently trading at $ 2.88, according to CoinGecko.
“CRV. Flip this zone over to support it, then $ 3.80 will be the next target.
It looks really nice. “
Daily CRV / USDT Chart | The source: Pentoshi / Twitter
You can see the coin prices here.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to Dailyhodl