ETH, XRP, And EOS Will Surge Unde One Condition
The crypto market has been seeing really bullish moves lately with all the coins making moves upwards.
Now, it’s been revealed that a trader who correctly predicted Bitcoin’s big crash to around $4,000 at the beginning of 2020 is back after taking a break of three weeks.
New crypto predictions are here
The online publication the Daily Hodl notes that the pseudonymous analyst known in the industry as Capo recently posted on his social media account his bullish sentiments for three specific coins.
he said that he just bought ETH, EOS and XRP ahead of a rally in the upcoming weeks.
He believes that ETH is looking ready to continue breaking out against Bitcoin after ETH broke through an important level of resistance. He also said that EOS is looking pretty strong against BTC and the US dollar.
Regarding XRP, he said that the past price history of the coin is important to be taken into consideration and he noted that the current trajectory seems pretty similar to what happened back in 2017 before the epic breakout of the coin to an all-time high of $3.84.
Both USD and BTC pairs look bullish. pic.twitter.com/TaKUM0O0S2
— il Capo Of Crypto (@CryptoCapo_) July 28, 2020
Regarding Bitcoin, he said that the king coin has to maintain $10,500 as support.
“As I’ve said many times, $10.5k is the key level. Above it, the first target is $12k,” he said.
He continued and explained “I’m not bearish above that level, but the bearish scenario will be in play again if BTC consolidates below this level. I’m only trading bullish altcoins setups now.”
There have been all kinds of optimistic predictions about the price of BTC especially after the coin was able to hit the important level of $10k.
“Bitcoin stands out this year against a backdrop of massive stimulus measures from central banks and a failing financial system,” Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, told CoinDesk.
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.