A popular crypto analyst, Credible Crypto, shared their predictions for Bitcoin, Ethereum, and XRP.
Bitcoin’s Potential Triple Bottom
Credible Crypto believes Bitcoin might be forming a bullish triple-bottom pattern on the four-hour chart. If this holds, they call it the “most epic/legendary bottom ever.” However, if Bitcoin fails to stay above $78,264, a 13% drop to the $69,000-$74,000 range is possible. At the time of writing, Bitcoin was trading around $80,641.
Ethereum’s Outlook
The analyst suggests Ethereum (ETH) could revisit the $1,100 level if Bitcoin corrects further. A Bitcoin drop to the $69,000-$74,000 range might push ETH below a key support level. While a higher support level around $1,800 exists, a drop to a lower zone might be a good long-term buying opportunity, according to the analyst. Ethereum was trading at $1,568 at the time of this writing.
XRP’s Expected Rally
Finally, Credible Crypto predicts XRP might briefly dip below $1.80 before surging to a new all-time high near $3.50. They don’t see this dip as a sign of weakness but rather a temporary pullback. XRP was trading at $1.93 at the time of this writing.
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