Bitcoin And Ethereum Forecast Updated By Josh Rager
There have been all kinds of bullish Bitcoin predictions following the great achievement of surpassing the FOMO-triggering level of $10k.
At the moment of writing this article, BTC is trading in the red and the coin is priced at $11,267.92.
Josh Rager issues crypto warning
Now, it’s been revealed that crypto analyst Josh Rager says traders should keep a close watch on one mid-cap altcoin whenever Bitcoin craters.
He said that historically speaking, ChainLin (LINK) has proven itself to be the best altcoin to buy following a massive BTC correction.
“Never fails – after every major pullback for Bitcoin, LINK pumps like crazy. If you trade any altcoin after a Bitcoin dip – the smart choice would be LINK.”
The analyst brought up the coin’s moves from this past Sunday and said that LINK followed BTC’s lead and crashed by more than 10%, and bulls bought it immediately.
The coin saw a swift recovery, and it’s poised to see a new all-time high, he said.
“What I’m watching right now on the four-hour [timeframe] here is a close back above the high of $8.70. I do believe if LINK can make its way back up above $8.70, test that, close above it, that we are not only going to move up above $9.00 but we can make our way up to $10.00.”
Bitcoin and Ethereum forecast
Regarding Bitcoin, he said that the king crypto shows great signals.
“The good news though is that Bitcoin finally broke up above $10,500 – that same area that has held us below that price since September or earlier in 2019… Bitcoin also bounced at that area so that is a key structure that I’m watching and that goes to show that it is a strong support.”
He’s also bullish on Ethereum despite the fact that the coin dropped by almost 20% in the past few days.
At the moment of writing this article, ETH is trading in the green and the coin is priced at $392.37.
Check out the video above in order to learn more.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.