Renowned cryptocurrency analyst Credible Crypto has made some bold predictions prices of Bitcoin ($BTC) and Ethereum-based Curve ($CRV). With a massive following of over 340,000 on the microblogging platform X, the analyst suggests that Bitcoin will experience a significant surge in value, with monthly candles exceeding $10,000. This means the cryptocurrency’s value could rise by that amount in a month. Despite Bitcoin’s recent dip below the $30,000 mark, Credible Crypto maintains that this does not alter the bigger picture on the higher timeframes. However, he advises a bit of patience before witnessing such a candle.
Credible Crypto’s optimistic outlook aligns with increasing analysts turning bullish on BTC. The CEO of a cryptocurrency financial services titan managing over $2 billion in assets has recently suggested that Bitcoin could reach the $100,000 mark by 2025, drawing on historical precedents and the impact of the halving.
Moreover, London-based multinational banking and financial services firm Standard Chartered has made a major bullish prediction for BTC, suggesting that the price of the flagship cryptocurrency could surge to $50,000 this year and possibly breach $120,000 by the end of 2024.
In addition to Bitcoin, Credible Crypto has also turned its attention to Curve ($CRV), a decentralized finance (DeFi) altcoin. He pointed out that many assets’ shorts are underwater, indicating that the bottom may have been reached for CRV. Despite a recent drop of over 20% in its price, with CRV now trading at $0.58, the analyst believes there’s a chance to recover as the market dynamics change.
However, it’s worth noting that the recent decline in the price of CRV was triggered by an exploit in the Vyper programming language, leading to hackers draining millions from its stablecoin pools.
As the crypto market remains volatile, these predictions and analyses are valuable insights for investors and enthusiasts. While the future is uncertain, the crypto community continues to closely monitor the movements of Bitcoin and other altcoins to make informed decisions in this ever-changing landscape.