A widely known cryptocurrency analyst and trader has expressed a bullish outlook on Bitcoin (BTC), while also providing insight into two other digital assets.
The analyst, known by the pseudonym CredibleCrypto, told his 404,100 followers on social media platform X that Bitcoin looks “clearly bullish” on higher time frames, despite lower time frame price action suggesting otherwise.
According to CredibleCrypto, Bitcoin is currently in a reaccumulation phase and “the time will come soon” for it to rise to prices above $100,000.
As of this writing, Bitcoin is trading at $64,110.
Turning to Ethereum (ETH), a widely-respected analyst seems to be suggesting that the second-largest crypto asset by market cap could fall further after the U.S. failed to respond positively to news of a spot Ethereum exchange-traded fund (ETF). Citing a previous prediction that Ethereum could fall below $2,800 if Bitcoin also corrects, CredibleCrypto asks:
“The (Ethereum) ETF launch has come and gone and we are basically at the same point (Ethereum price).
How about now? Do you still think it’s impossible?”
At the time of writing, Ethereum is trading at $3,171, down about 9% over the last 24 hours.
Next up is Dogecoin (DOGE). According to an anonymous analyst, the leading crypto by market cap will end this cycle at its peak after Bitcoin “peaks above $100,000.”
At the time of writing, Dogecoin is trading at $0.124, down about 7% over the last 24 hours.
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