Bullish Continuation For Bitcoin Is On The Table | CryptoGazette
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The crypto market looks pretty bloody today with the most important coins trading in the red. At the moment of writing this article, BTC and ETH are both trading in the red. The king coin is priced at $47,456.
Despite the massive volatility that we can see in the market, there are still optimistic predictions about the digital assets.
It’s been just revealed that an important crypto trader thinks it’s likely that Bitcoin (BTC) will continue its bullish momentum all the way to $50,000.
Pseudonymous analyst Credible just said that BTC has already broken through the highs of its “B wave” or the first upthrust of a triangle structure.
“We’ve broken the highs of our B wave, indicating that the triangle likely already completed earlier. Areas of interest are the same (green regions) if we get any dips, but as stated in my last video update at this point we may just shoot up straight to $50,000+”
He also said that he doesn’t anticipate any big corrections in the short-term future.
Credible is also bullish on Hedera Hashgraph (HBAR), which is a public network for peer-to-peer payments.
“HBAR looking real perky. Clear RED on the weekly for confirmation that our bottom is in – the same level I have been talking about for months. I’ve said before that I thought the bottom was in and that we just needed confirmation – closing above RED (weekly) confirms this in my opinion.”
Rare indicator about Bitcoin
The other day, we were revealing that the pseudonymous crypto analyst Tech Dev says one metric is flashing a rare signal that a massive boost for Bitcoin (BTC) is incoming.
On Twitter, he shares a Bitcoin chart with 3-week candles and a vortex indicator (VI), a metric that identifies trend reversals for any given asset. Stay tuned for more news and make sure to keep your eyes on the market.
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