Coin Bureau Projects Rallies For Bitcoin, XRP And Shiba Inu
According to Guy, the host of popular crypto YouTube channel Coin Bureau, Bitcoin (BTC), XRP, and Shiba Inu (SHIB) are ready to move up to higher levels.
Bitcoin (BTC)
The recent video update, the host of Coin Bureau shared with the 1.95M subscribers to the channel that Bitcoin is showing a small bull flag pattern – a chart pattern that occurs when an asset is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
The analyst is also expecting BTC to complete a ‘cup and handle’ pattern on the higher timeframe, which is another bullish pattern.
“I see a small bull flag forming for BTC on the daily, which may or may not play out. My bets are on a pump, in which case we could rise back up to $46k in the coming days.
If we manage to break above the $46k mark, this will see the completion of a ‘cup and handle’ pattern, which could push BTC as high as $56k in the next few weeks. All the while, the balance of BTC on exchanges continues to fall, and that has me feeling damn bullish regardless of what’s happening in the here and now.”
XRP (XRP)
The analyst next looks into XRP (XRP), for which predicts a rally based on Ripple’s decision to join a European think tank focused on developing central bank digital currencies (CBDCs).
“Another crypto which made the weekly winners’ list last week was XRP, and this time, it seems to be pumping on the news that Ripple has joined the Digital Euro Association – a think tank that seeks to assist the European Union in the development of its central bank digital currency.
Although XRP is still struggling to recover from its recent losses, it remains in a strong long-term uptrend that began back in 2020. XRP could also see some positive price action if Ripple resolves its lawsuit with the SEC.”
In December 2020 the U.S. Securities and Exchange Commission launched a lawsuit, claimingt that Ripple sold XRP as a security during its launch.
Shiba Inu (SHIB)
The analyst is also bullish on Shiba Inu after the metaverse news. He believes that it could be a boost for SHIB to launch a 50% rally soon.
“Shiba Inu appears to be creating a metaverse world of its own. As far as I understand, Shiba Inu will soon begin selling land in its upcoming metaverse, and LEASH token holders will get the first pick.
SHIB still seems to be stuck in hibernation, but if that cup and handle plays out on the daily, we could see a 50% pump in the near future.”
