28.01.2022, 11:33

According to KOL Credible Crypto, BTC could surge to $40,000 in the next few days

A prominent analyst believes Bitcoin (BTC) is on the cusp of a recovery while charting the path for two altcoins.

The analyst, nicknamed Credible Crypto, told his 300,700 Twitter followers that BTC is preparing to rally back to $40,000 “in the coming days.”

“After a brilliant month.”


The source: CredibleCrypto/Twitter

Bitcoin is trading at $37,333 at press time, up 4.33% over the past 24 hours.

Credible Crypto also expects the DeFi blue-chip Curve DAO Token (CRV) to rally in the near future.

“The steady recovery from the weekly support lows bodes well.

It has just created a bullish divergence on the daily chart which is expected to recover to $4-$4.50 soon.

It is also the area where CRV MUST pull back to confirm a bottom has been reached.”


The source: CredibleCrypto/Twitter

CRV is the governance token for Curve Finance, a decentralized exchange that uses stablecoins as the basis for exchanges. The 66th-ranked cryptocurrency by market cap is trading at $2.85 at press time, up nearly 3% over the past 24 hours.

Credible Crypto notice that HBAR, the native token of the decentralized Hedera Hashgraph network, has shown some interesting price action like CRV.

“HBAR on its first major breakout above its accumulation range (like CRV). It broke out and hit 0.07, then immediately pushed back to 0.03 before rallying 11x.

Cryptocurrencies are very volatile. If you’ve been here a few months, you know that.

If you can’t handle the volatility, don’t buy crypto.”

HBAR, the 35th cryptocurrency by market cap, is trading at $0.21 at press time.

You can see the coin prices here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhodl