Despite the massive volatility in the crypto space these days, there are various crypto analysts that have been really bullish on Bitcoin and some altcoins.
Bullish sentiment for BTC and two alts
For instance, as the Daily Hodl online publication notes, an important crypto trader and analyst is optimistic about the futures of two altcoins as Bitcoin (BTC) and the crypto market gain momentum.
The trader is known in the industry as Kaleo, and he recently said that he is building positions in Dapper Labs’ non-fungible token (NFT) project, Flow.
Kaleo said that Flow is on the edge of sharply outperforming Bitcoin, as NFT and gaming tokens such as Axie Infinity (AXS) are gaining major attention in the market.
“I punted a long on FLOW. I’ve missed out on the majority of the NFT pumps led by AXS and decided I finally needed some exposure,” he said.
He continued and said: “The BTC chart is breaking out above higher time frame resistance dating back to the spring rally, where it was one of the leaders in the NFT race.”
The same online publication noted that the other asset Kaleo is trading as the market recovers is the blockchain network Terra Luna (LUNA).
He said that LUNA is forming an ascending wedge, preparing to breakout above $8.
We suggest that you check out the complete original article in order to learn more available details.
Bitcoin supply shock is not over
Regarding the price of Bitcoin, it looks great at the moment, and the king coin struggles to remain above the $37k limit.
Anthony Pompliano sees a great second half of the year for the king coin. Check out what he recently posted on his Twitter account.
The second half of 2021 is going to be more breathtaking for Bitcoin than the first half of the year.
The supply shock is not over.
The strong hands have been gobbling up as much Bitcoin from the new and uninitiated as possible.
It is all right there in the on-chain metrics.
— Pomp 🌪 (@APompliano) July 24, 2021
Also, the mass adoption of Bitcoin is going great.