A closely watched cryptocurrency analyst and trader has quoted an alternative currency that he believes will revive the bullish cryptocurrency market.
credibleNSAnonymous cryptocurrency strategist, told his 275,300 Twitter followers in a new video that Ethereum’s brutal correction against Bitcoin (ETH/BTC) It indicates that the market is still bullish.
Credibility told his followers:
“I am bullish on Ethereum and in general as long as we hold this 0.075 BTC monthly support ($3662). I want to show you the massive drop we just saw, Ethereum/Bitcoin is holding up beautifully… that’s when others take the lead, When the alternatives start to shine, you guys.
If this is a bear market, Ethereum/Bitcoin will not show now when Bitcoin corrects. It will be very, very difficult. It carries support. We push – upwards.
I think the alternatives will bounce back from this drop with more force than bitcoin. I think Ethereum in particular will do very well.”
At the time of writing, ETH/BTC is trading at 0.085 ($4,071), which is a minimum increase of 1% in the last 24 hours as we have started declining again since late afternoon.
Consider Bitcoin (BTC)Credibility is also bullish on the prospects for the crypto king even after the epic crash that saw BTC drop from $52,000 to $43,500 in less than an hour.
According to the encryption strategy, it is the same as from Opinion Yesterday’s deep correction marks the end of BTC’s total correction phase.
I think we are now completing this flat correction. We are expected to bottom out above the $30K lows and anything above that is fine, and I think that’s what we see now.”
At the time of writing, Bitcoin was trading at $48,500, which is about 1% up on the day.
“Total coffee specialist. Hardcore reader. Incurable music scholar. Web guru. Freelance troublemaker. Problem solver. Travel trailblazer.”