Bitcoin (BTC) Is Poised To Reach $20k Soon And XRP Will Explode, Claim Analysts

The crypto market looks good today, with the most important digital assets trading in the green.

BTC metrics are looking solid following the recent crypto rally

Crypto analysts seem to be feeling quite bullish two of the leading cryptos.

For instance, as reported by the online publication the Daily Hodl, Crypto Michael told his 43k followers on Twitter that a few key BTC metrics look solid after the massive rally of the BTC rally from last Friday.

He said that the current price action could be comparable to 2016, and his new target for the most important digital asset is $17k to $20k.

“100-Week MA test completed and held, similar to beginning 2016, back above 200-Day MA & EMA, important indicators. Holding trendline as well,” he said.

He continued and wrote that “2016 period and now are still comparable in which targeting $17,000-20,000 prior to halving is realistic.”

Josh Rager is highlighting a need for caution to his followers and says BTC will dip to $9,000 and continue correcting after its big spike.

“This is something that I’m not really panicked about because really what it’s doing is it’s ranging after moving up 40% in a day. So it’s totally natural to correct a little bit. So as Bitcoin currently corrects right here, nothing really to worry about,” Rager said.

More than that, analyst Crypto Gainz believes that he thinks XRP will surge to the moon.

An important step to boost BTC

Mike Novogratz had a recent interview with Bloomberg and spoke against the billionaires who seem to be pretty unaware of the massive fortunes that they have, says the Daily Hodl.

Novogratz is an advocator for the redistribution of health as a means to give more people an opportunity to take part in wealth creation.

At the moment of writing this article, BTC is trading in the green and the coin is priced at $9,419.27.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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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.

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