Top Analyst ‘Cred’ Predicts $5,000 ETH After Breaking $4,000, Bullish on BTC

A popular cryptocurrency analyst and trader, known as Cred, says Ethereum will reach new all-time highs as soon as it breaks resistance at $4,000. He is also notes that it makes more sense to be bullish on Bitcoin as long as it stays above $44,000.

Ethereum (ETH)

The pseudonymous analyst known as as Cred, shared in recent video session that Ethereum will break its resistance at $4,000 and then continues to a new all-time high.

“At the minimum, I would think that if we start breaking resistances and head up, that we go to $4,400. Maybe it just goes to $4,600, $4,800 [and] $5,000.” 

Despite being bullish on Ethereum, Cred notes that ETH price could correct after spiking to the new nigher levels.

Bitcoin (BTC)

Regarding Bitcoin, the trader sees it getting ready for strong rally, and makes a case that every time BTC makes a leg up traders will turn bearish.

“It starts looking like we have a double top here, and that’s probably not going to hold because these double tops rarely hold unless the S&P [500] just mega dumps. Maybe you get like sideways consolidation into another move up. And then people would be like, ‘Yeah, this was the second leg of the move. So that’s done.’ But then you have a double top here ($52,000). That’s really close to each other. It doesn’t make much sense to not break that. So you do another third push.

If that’s one week, maybe we go down a little bit more, but in general, this looks like it wants to go up to me.” 

According to Cred, as long as Bitcoin stays above $44,000, it makes more sense to be bullish than be bearish on BTC.