While the crypto market has been on a downtrend lately, a leading crypto analyst and trader known as Credible Crypto remains bullish on Bitcoin (BTC) and Curve DAO Token (CRV)
Bitcoin (BTC)
Credible Crypto shared with his 294K followers on Twitter that Bitcoin might see further drop, before launching a rally back to $60K levels.
“If my analysis is correct, downside from current levels is limited to about $10,000 max followed by upside of over $60,000+ in the coming months.
Don’t miss the forest for the trees.”
If my analysis is correct, downside from current levels is limited to about $10,000 max followed by upside of over $60,000+ in the coming months. Don't miss the forest for the trees. $BTChttps://t.co/tO4G7wHfBk
The analyst relies on Elliott Wave method, a technical analysis approach that forecasts future price action by following crowd psychology that tends to manifest in waves.
His chart above suggests that Bitcoin would enter the fifth explosive leg around March/April and shoot up above $100,000 around June/July.
Curve DAO Token (CRV)
Credible Crypto also remains mega bullish Curve DAO Token (CRV), the governance token for Curve Finance.
Curve Finance is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity. In August 2021 it launched a decentralized autonomous organization (DAO), with CRV as its in-house token.
According to the analyst, $5.50-$6.00 is a big resistance level for CRV, but if it can break through, it could soar by almost 10x to $40 during the current bull run.
