There are all kinds of crypto predictions coming out these days. Despite the massive market volatility, these continue to remain optimistic. Check out the latest ones below.
Bitcoin and Fantom predicitons are out
A popular crypto analyst is laying out his roadmap for Bitcoin (BTC) and two altcoins, including an Ethereum (ETH) competitor.
Michaël van de Poppe said not too long ago that Bitcoin is currently consolidating.
He says if BTC does dip in price, it needs to hold a low in the area around $21,323 to avoid a “trend switch.”
“The trend is still upwards, potentially a correction now is taking place due to CPI fears. Important:
Hold above $21,300 to continue the trend.
Break above $24,500 to continue to $28,000.”
BTC is trading at $23,893 at the time of writing. The king coin is up more than 3% in the past 24 hours.
Van de Poppe also notes that Ethereum rival Fantom (FTM) could surge all the way to $0.50.
Bitcoin and the whole crypto market explode as good things are coming our way. Check out the latest reports below.
Inflation reversal
Crypto traders are celebrating a highly-anticipated report from the Fed that details a meaningful reversal in inflation for the first time this year.
It’s been just revealed that the consumer price index (CPI) shows a year-over-year inflation increase of 8.5% in July, compared to 9.1% in June.
It’s also important to note the fact that while inflation remains red-hot, global markets are popping on the prospect that high prices have hit a peak and are finally in reverse.
Also, Raoul Pal addresses the crypto state.
Macro economic expert and crypto bull Raoul Pal says he believes this is the beginning of a long-term reversal.
Pal said that inflation will plummet over the next 18 months. This will be due to concerns over inflation shift to realities of recession, forcing the Fed to reverse course on interest rate hikes that have pummeled crypto and equities.
