As Bitcoin (BTC) hits all-time highs, a popular cryptocurrency trader says he expects both Bitcoin and another altcoin on his radar to rise.
Crypto market strategist Dave the Wave said that Bitcoin is gaining in value in an ascending channel. In the short term, he expects BTC to rally to $70,000 before consolidating further.
In the next few months, Dave the Wave expects Bitcoin to climb as high as $100,000 in the same channel.
Verge (XVG) Expects Rise in Price
As Bitcoin continues to rise, the trader is also closely following the low-value altcoin Verge (XVG). Verge is a privacy-focused blockchain that strives to offer a fast and efficient decentralized payment network that builds on the original Bitcoin blockchain.
Currently, XVG is trading at just $0.026. Dave the Wave expects it to rally to $2.00 from the current price level.