Bitcoin (BTC)Crypto News

Top crypto analyst identifies Bitcoin’s bottom signal and predicts that little-known altcoin will explode by over 7,000%

A popular cryptocurrency analyst and trader names an altcoin that could go over 7,000% while saying that Bitcoin (BTC) may have bottomed out.
Starting with BTC, the crypto trader, pseudonym known as Capo, tells his 222,200 Twitter followers that the flagshipCryptocurrency comes across a large number of purchase orders on the Bitfinex crypto exchange.

According to Capo, strong buying at Bitfinex is an indication that Bitcoin has reached an important level of support.

“Bitfinex’s massive buying wall is still there.

This was usually a lower signal. “
Source: Capo / Twitter
According to Capo’s graphic, Bitfnex users place large purchase orders between $ 45,000 and $ 44,000. At the time of writing, Bitcoin is trading at $ 45,900.

Regarding Hathor (HTR), Capo says that the basics of the little-known crypto-asset are “really good.” Hathor, whose native token is currently after Market capitalization Located in 210th place, is a scalable, toll-free Blockchain, which was developed for real use cases of tokenization.

Using Elliott Wave Theory, the crypto analyst and trader is forecasting a staggering 7.146% for the HTR to be over $ 100 by the second quarter of 2022.

“HTR

Perfect parabolic formation and wave three ready to expand.

I can see this exceed $ 100 if everything goes as expected.

The basics are really good. “
Top crypto analyst identifies Bitcoin’s bottom signal and predicts that little-known altcoin will explode by over 7,000%, Crypto Trading NewsSource: Capo / Twitter
Elliott Wave Theory is a technical analysis approach that predicts future price movements by following the psychology of market participants, which tends to manifest itself in waves.

According to Capo’s chart, HTR is preparing to launch a massive wave-three rally to around $ 40, followed by a low correctionbefore a parabolic wave five climbs above $ 100 to complete its cycle.
Check price promotion

.

Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button