A widely followed crypto strategist and trader is predicting big bullish moves for Bitcoin and Ethereum as the broader crypto markets continue to flash signs of strength.
The crypto analyst, known in the industry as The Crypto Dog, tells his 562,200 Twitter followers that he’s expecting Bitcoin (BTC) to hit new 30-day highs as it breaches his last line of resistance of around $43,000.
“Not much between us and really about [$50,000 for] BTC. I’ve got my feet propped up I’m in no rush…
I had that line drawn for a minute and derisked accordingly and then bought the dip. I love this game.”
Looking at Ethereum (ETH), The Crypto Dog says the leading smart contract platform is still set for a breakout even after hitting temporary resistance at around $3,100.
“Wouldn’t be so wild.”
With Ethereum’s rally to a new 30-day high of $3,182, the crypto analyst says that a new ETH all-time high is within sight.
“New all-time highs for ETH aren’t so far away.”
Looking at Ethereum against Bitcoin (ETH/BTC), The Crypto Dog says that the pair has ignited a strong breakout and is now primed to surge at least 40% from its current value of 0.07 BTC, worth about $3,079.
“I’ve been buying ETH dips every time I want to long BTC. I’m expecting a strong rally > 0.1 [BTC] after crossing [0.068 BTC]…
Strong break out on ETH. This is going much higher.”
The prominent crypto analyst is also keeping an eye on automated market maker SushiSwap (SUSHI), which he says is now set to erupt after taking out a key resistance area.
“SUSHI finally waking up, fireworks over ~$9.25.”
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The post Popular Crypto Strategist Predicts Huge Breakouts for Bitcoin and Ethereum, Says One Altcoin Set for Fireworks appeared first on The Daily Hodl.