The crypto market looks good today and the first coins by market cap are all trading in the green at the moment of writing this article.
It’s been revealed that an important analyst and trader said that a “moon mission” in on hold in the short term.
Bitcoin prediction
During a new strategy session shared on Twitter, Credible Crypto said that Bitcoin (BTC) is experiencing a healthy correction after posting a 52-week high of $12,045.
He said that after the correction takes place, he expects a rapid ascent to $14,000 or higher.
“What we’re looking at now is either an expanded flat or a running flat. In the case of an expanded flat, we might push up a little bit higher, complete that [bearish] divergence in the daily, and then come back down to retest the $10,400 region,” he said.
He continued and explained that “In the running flat scenario, we come up, and then we get a retracement but it doesn’t go lower than $10,600 and then we simply continue to the upside of $14,000.”
Just made a video update on $BTC for my private Discord members. Decided to make this one public. Here is my plan for the road to 14k+… (PS. watch out for scammers posting links for “my group” in the comments- their username looks identical to mine).https://t.co/UT00Cq8rKG
— Credible Crypto (@CredibleCrypto) August 10, 2020
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $11,911.03.
Ethereum and XRP
As noted by the online publication the Daily Hodl, Credible Crypto said that a trip to the low $300 region for Ethereum (ETH) would become the best opportunity to buy the dip.
At the moment of writing this article, ETH is trading in the green and the coin is priced at $440.44.
Regarding Ripple’s XRP, he said that the coin would continue to climb.
Almost time for step 2 🧐 $XRP https://t.co/oiJn7MeUpn pic.twitter.com/Cwym7RM6Sa
— Credible Crypto (@CredibleCrypto) August 10, 2020
“It’s simply not about fundamentals right now, early days still. Price is still mainly driven by speculators. Don’t forget XRP was a top performer like two weeks ago. 40+% in a week. Now we are prepping for the next leg.”
At the moment, XRP is also trading in the green and it’s priced at $0.300182.
