Crypto Analyst Predicts Potential Price Rallies for Bitcoin ($BTC) and DeFi Token Curve ($CRV)

A renowned cryptocurrency analyst has recently revealed he believes that the price of the flagship cryptocurrency Bitcoin ($BTC) will see a significant surge in the near future, while also suggesting Ethereum-based Curve ($CRV) could also skyrocket.

In a series of posts made by the pseudonymous analyst Credible Crypto to their audience of over 340,000 on the microblogging platform X, he noted that he anticipates Bitcoin will jump in value with monthly candles exceeding $10,000, meaning the cryptocurrency’s value would rise by that amount in just a month.

Given Bitcoin’s recent dip below the $30,000 mark, Credible Crypto believes a “bit more patience” may be needed before seeing such a candle. The dip, he said, doesn’t “change anything on the higher timeframes.”

29.1k has been tagged, which means we just have to be a little more patient. This doesn’t change anything on the higher timeframes, just a pause in lower timeframe bullish momentum. Will share a more in-depth update soon! $BTC https://t.co/27wp8b8aVD

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The analyst’s prediction comes at a time in which an increasing number of analsysts turned bullish on BTC, with the CEO of a cryptocurrency financial services titan managing over $2 billion in assets recently suggesting BTC could, according to historical precedents, break the $100,000 mark by 2025 after the halving.

As CryptoGlobe reported, earlier London-based multinational banking and financial services firm Standard Chartered has suggested that the price of the flagship cryptocurrency could surge to $50,000 this year, and could breach the $120,000 by 2024’s close in another major bullish price prediction for BTC.

Credible Crypto also recently pointed towards Curve ($CRV), a decentralized finance (DeFi) altcoin, noting that a large number of shorts on the asset are currently underwater which means there’s a chance that the bottom has been hit for CRV.

Some beautiful fundamental and technical developments on $CRV. Mich has paid down the frax loan which was the only one in imminent danger of being liq’d and now a sh*t ton of shorts are underwater and paying over 250% APR to stay short lol.

Decent chance that was our bottom as… https://t.co/UjaGkwKRzc pic.twitter.com/OGieFJcNyy

Notably the price of CRV has dropped by more than 20% over the past week to now trade at $0.58, after an exploit in the Vyper programming language saw hackers drain millions out of its stablecoin pools.

Featured image via Pixabay.