BTC, XRP And SHIB New Bullish Predictions Are Out | CryptoGazette
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Despite the market corrections, there are new bullish predictions out for some essential digital assets. Check out the latest reports below in order to see where can the prices for some coins go.
There is one popular crypto analyst who foresees imminent breakouts for Bitcoin (BTC), XRP, and Shiba Inu (SHIB).
Bullish predicitons for BTC, SHIB, and XRP
It’s been just revealed that in the latest update from Coin Bureau, pseudonymous host Guy has just explained that he sees a small bull flag for Bitcoin.
Just in case you don’t know, bull flags are technical patterns consisting of a price spike and then consolidation that suggest upcoming rallies.
According to Guy, BTC is also forming a cup and handle pattern on the higher timeframe – this is another bullish technical pattern.
“I see a small bull flag forming for BTC on the daily, which may or may not play out. My bets are on a pump, in which case we could rise back up to $46k in the coming days.”
He continued and said:
“If we manage to break above the $46k mark, this will see the completion of a ‘cup and handle’ pattern, which could push BTC as high as $56k in the next few weeks. All the while, the balance of BTC on exchanges continues to fall, and that has me feeling damn bullish regardless of what’s happening in the here and now.”
Guy is also evaluating XRP (XRP). It’s worth noting the fact that he believes the coin is rallying due to Ripple’s decision to join a European think tank focused on developing central bank digital currencies (CBDCs).
We reported about this earlier today.
“Although XRP is still struggling to recover from its recent losses, it remains in a strong long-term uptrend that began back in 2020. XRP could also see some positive price action if Ripple resolves its lawsuit with the SEC.”
Stay tuned for more news from the crypto space.
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