Bitcoin Forming Bullish Continuation Pattern As Two Altcoins Flash Signs of Strength: Crypto Analyst

Untitled design

A widely followed crypto trader and analyst says he expects Bitcoin to continue rallying while predicting surges in two emerging altcoins. 

The crypto analyst known as Pentoshi tells his 294,400 Twitter followers that Bitcoin is forming a bullish pattern, suggesting that BTC is on the verge of another leg up.

“BTC kinda looks like a bull flag in a bull market on the four-hour [chart].

Up only season?”

Image
Source: Pentoshi/Twitter

Pentoshi is also looking at decentralized blockchain protocol Algorand (ALGO), which he says looks ready to bounce after finding more buyers above $1.60.

“Anyone who’s followed these ALGO setups knows how beautiful it’s traded.

[In my opinion] this is likely at/or around a bottom before its next leg up. The first leg of price discovery is complete and now has set a base with consolidation.”

Image
Source: Pentoshi/Twitter

Pentoshi is also looking at Algorand against Bitcoin (ALGO/BTC), which he says can soar as high as 0.000074 BTC, worth $3.69 at time of writing. The move marks a potential upside of 85% from the pair’s current value of 0.00004 BTC ($1.97).

“BTC pair targets shown.”

Image
Source: Pentoshi/Twitter

Looking at Curve (CRV), the governance token of the stablecoin decentralized exchange Curve Finance, Pentoshi predicts the asset can make a run for $3.80 once it flips resistance at $2.77 as support.

Currently, the asset is trading at $2.81, according to CoinGecko.

“CRV. Flip this to support and $3.80 is the next area of interest 

Looking really good.”

Image
Source: Pentoshi/Twitter

Article Source: The Daily Hodl Mix

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.
Ronnie Huss

Ronnie Huss

Leave a Reply

Your email address will not be published. Required fields are marked *

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 65,073.44
ethereum
Ethereum (ETH) $ 3,168.94
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 572.52
solana
Solana (SOL) $ 150.57
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,165.40
xrp
XRP (XRP) $ 0.526700
dogecoin
Dogecoin (DOGE) $ 0.162726
the-open-network
Toncoin (TON) $ 6.21
cardano
Cardano (ADA) $ 0.505157
shiba-inu
Shiba Inu (SHIB) $ 0.000027
avalanche-2
Avalanche (AVAX) $ 38.06
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 65,128.45
bitcoin-cash
Bitcoin Cash (BCH) $ 510.52
polkadot
Polkadot (DOT) $ 7.19
tron
TRON (TRX) $ 0.111032
chainlink
Chainlink (LINK) $ 14.92
internet-computer
Internet Computer (ICP) $ 15.68
matic-network
Polygon (MATIC) $ 0.734031
near
NEAR Protocol (NEAR) $ 6.30
litecoin
Litecoin (LTC) $ 84.82
uniswap
Uniswap (UNI) $ 7.83
leo-token
LEO Token (LEO) $ 5.76
dai
Dai (DAI) $ 1.00
aptos
Aptos (APT) $ 10.09
ethereum-classic
Ethereum Classic (ETC) $ 28.05
blockstack
Stacks (STX) $ 2.81
mantle
Mantle (MNT) $ 1.22
filecoin
Filecoin (FIL) $ 6.67
first-digital-usd
First Digital USD (FDUSD) $ 1.00
render-token
Render (RNDR) $ 9.17
crypto-com-chain
Cronos (CRO) $ 0.131212
cosmos
Cosmos Hub (ATOM) $ 8.62
okb
OKB (OKB) $ 55.67
stellar
Stellar (XLM) $ 0.115528
arbitrum
Arbitrum (ARB) $ 1.21
immutable-x
Immutable (IMX) $ 2.20
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,194.23
bittensor
Bittensor (TAO) $ 479.68
hedera-hashgraph
Hedera (HBAR) $ 0.088517
dogwifcoin
dogwifhat (WIF) $ 3.09
vechain
VeChain (VET) $ 0.042072
maker
Maker (MKR) $ 3,126.74
kaspa
Kaspa (KAS) $ 0.120545
the-graph
The Graph (GRT) $ 0.289669
fetch-ai
Fetch.ai (FET) $ 2.53
injective-protocol
Injective (INJ) $ 29.29
optimism
Optimism (OP) $ 2.50
pepe
Pepe (PEPE) $ 0.000006