Bitcoin: Analyst Predicts Significant Gains – Here’s Why
A crypto strategist predicts that Bitcoin (BTC) could be following in the footsteps of artificial intelligence (AI) focused altcoin, Fetch.ai (FET)
A pseudonymous crypto analyst, “Cred,” predicts that Bitcoin could follow in the footsteps of Fetch.ai (FET).
FET is a decentralized machine-learning network that has seen an impressive gain of 433% this year.
The analyst tweeted to his 337,200 followers that BTC could mirror the price action of the altcoin, with a brief pullback before reaching a new all-time high above $44,000 in the coming months.
This. Exactly this. Here is a side-by-side comparison to illustrate. All of a sudden, a final 5th wave blow-off top to new ATH this year doesn't look so crazy does it? $BTC doesn't have to mimic $FET exactly but if it were to would look something like below. https://t.co/xBEnnnxKmD pic.twitter.com/dEORgmfEJ4
— CrediBULL Crypto (@CredibleCrypto) February 5, 2023
READ MORE: Bitcoin: Analyst Shares “Worst-Case Scenario” for BTC
Cred’s View on other altcoins
Aside from Bitcoin, the crypto strategist also focuses on the governance token of Curve Finance (CRV) and Hedera (HBAR).
He believes that CRV is taking a break before resuming its strong uptrend towards his target of $1.80.
Don't get complacent on $CRV here. Since my last post we have simply been consolidating above a reclaimed level. Basing out before continuation to upper targets imo. Consolidation is necessary for continued strength/expansion. https://t.co/jWxQod0srJ pic.twitter.com/MA4fcLOTe6
— CrediBULL Crypto (@CredibleCrypto) February 5, 2023
Meanwhile, Hedera is due for a dip before resuming its rally and reaching the target of $0.18. The analyst emphasizes that these are his expectations and not predictions.
Here you go 🙂 My last chart shared on $HBAR was at about the same level so there was not much to update, but to make it clear- these are my expectations. Not expecting much downside, consolidation and continuation up to .13 and then .18 ish. https://t.co/8Klx9ZmcyH pic.twitter.com/KAeHuMk3sS
— CrediBULL Crypto (@CredibleCrypto) February 5, 2023
Andrey Kunev
Reporter at CoinsPress
Andrey Kunev is a knowledgeable cryptocurrency content creator passionate about the crypto market. With extensive experience in market analysis and investment reporting, Andrey is a valuable asset to the CoinsPress team. As a frequent contributor, he offers insightful and comprehensive coverage of market trends, price fluctuations, and new advancements in cryptocurrency. Whether you're a seasoned investor or just getting started, Andrey's clear and concise writing offers a comprehensive look at the current state of the crypto market and its prospects. Stay up-to-date with CoinsPress's expert analysis and commentary on all things cryptocurrency.
