Here’s What’s Next for Bitcoin, XRP and One Low-Cap Altcoin in the Week Ahead, According to Top Crypto Trader


A popular crypto strategist and trader is mapping out what’s ahead for Bitcoin (BTC), XRP and one low-cap altcoin this week amid the uncertainty in the broader digital asset market.

The pseudonymous analyst known in the industry as Credible tells his 310,600 Twitter followers that he’s expecting Bitcoin to continue consolidating this week in order to find new buyers for the next leg up.

Track live crypto price of 10000+ coins!


“Going to be a slow week in my opinion as we are sandwiched between key support ($38,000-$39,000) and key resistance at $41,000-$42,000. I suspect we chop around between these two levels for a bit but ultimately resolve this consolidation to the upside. Hard invalidation for this idea is a tap of $36,200. BTC.

I’m fully deployed at the moment with my last spot buy in the $36,00 region. If I wasn’t, then yes I would be buying there.”

Image
Source: Credible/Twitter

Looking at XRP, Credible says he sees the sixth-ranked crypto asset trading sideways this week after a short-lived rally from $0.76 to $0.85 on February 19th.

“A nice move but still consolidating before the next leg for now in my opinion.” 

Credible is bullish on XRP, predicting that the altcoin will rally to his minimum target above $1.00.

Credible is also watching the price action of Hedera Hashgraph (HBAR), a public network for peer-to-peer payments. Credible says that while the bottom may be in for HBAR, he notes that it is still possible for the altcoin to slightly retrace to $0.20.

Related:  Ben Bernanke sees no value in Bitcoin- The Cryptonomist

“I think the bottom is in, but we need to clear $0.25-$0.28 for confirmation. Just like the last time we put in our bottom, we spent weeks very close to those lows without making a lower low – so yes we can see $0.20 again.”

Image
Source: Credible/Twitter

 

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/KDdesignphoto




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: