It seems that there are a bunch of optimistic predictions about the prices of some digital assets. Check out the latest ones below.
BTC, ETH, AAVE predictions
A crypto strategist who correctly called Bitcoin’s 2018 bottom says the bottom for BTC bear market is already in.
Pseudonymous analyst Smart Contracter said recently that Bitcoin has managed to take out two diagonal resistances that have kept BTC in a downtrend for over a year.
“This weekly BTC candle is solid AF breaking very key trendlines and low timeframe momentum is still going strong.”
With the breakout, the crypto analyst thinks that the bottom is in for the king crypto.
“My guts telling me bottom’s in, and we all got blinded by ‘mUh mACrO.’”
In 2018, Smart Contracter nailed Bitcoin’s floor around $3,000.
Looking at altcoins, the popular crypto strategist believes that Ethereum (ETH) and decentralized finance lending and borrowing protocol Aave (AAVE) are likely poised for rallies.
“I like AAVE for a breakout here. [It] has an identical structure as ETH before its breakout yesterday.”
BTC mirrors bull run pattern from 2019
The crypto strategist says that the current Bitcoin (BTC) rally is mirroring a pattern that preceded the king crypto’s massive eruption in 2019.
Pseudonymous analyst Smart Contracter said not too long ago that Bitcoin is likely to dominate the crypto markets in a repeat performance of its 2019 burst.
“BTC finally broke its $18,400 horizontal highs. BTC dominance going on run and most conditioned to be all in alts. [Definitely] starting to feel more and more like an April 2019 moment every day.”
In a strategy session video update, the analyst says that for now, traders should keep a close watch on Bitcoin.
He said that he does believe “Bitcoin is going to outperform alts… Bitcoin dominance looks like it’s having a nice strong bounce here. I think this is a fairly significant move on Bitcoin dominance.”