Analyst Says Ethereum-Based Altcoin Is Primed To Soar by Over 150%, Maps Path Forward for Bitcoin
A widely followed crypto analyst believes one decentralized finance (DeFi) altcoin is gearing up for a massive breakout. Pseudonymous crypto trader Credible Crypto tells his 434,600 followers on the social media platform X that the DeFi protocol Curve Finance/Bitcoin pair (CRV/BTC) is showing bullish divergence on the two-week chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “Have been scalping CRV and shared most of those scalps here live over the last month and a half while I waited for this sweep on CRV/BTC and we have finally got it. With BTC likely locked in a range between $70,000-$90,000 for a few weeks I think it’s finally time for the big move I’ve been anticipating. I’ve longed CRV here, a move back to range highs on CRV/BTC (which is p...