As Bitcoin breaks all-time highs, closely followed crypto analyst Dave the Wave thinks Verge (XVG), which has been on his radar for a long time, may accompany the rise in the forefront.
Short term Bitcoin targets
The crypto market strategist says that Bitcoin (BTC) is gaining in value towards $75,000 in an ascending channel after falling to around $55,000. According to the analyst, we can target $ 75,000 in Bitcoin without waiting for further consolidation in the short term. Dave the Wave sets out these short-term goals:
Short term: With the price still inside the ascending channel, it wouldn’t surprise me to go to the $70,000 area and then a consolidation.
Bitcoin long-term goals
Cryptocoin. com Dave the Wave, whose analysis we share, expects Bitcoin (BTC) to climb up to $100,000 in the same channel in the next few months. For this, the analyst determines the Fib levels that coincide with the top lines of the following 3 different regions:
Add the Fibonacci ratio and the price ratio (the Logarithmic Growth Curve) reaches the top…
Altcoin to accompany BTC rally: Verge (XVG)
As Bitcoin continues to rise, the trader is also keeping a close eye on the low-value altcoin Verge (XVG). Verge is a privacy-focused blockchain technology that builds on the original Bitcoin Blockchain, offering a fast and efficient decentralized payment network. XVG is currently trading at $0.02981, promising more than 8,300% gains as it progresses from the current price level to the 2022 bull run. If this happens, XVG price will reach $2.00 and is supported by technical charts:
Among the freebies on my altcoin page, it seems to be curling up for a breakout.
