Bitcoin’s price fall only brings greater attention to popular altcoins.
One analyst takes a closer look at Ripple’s XRP.
He expects a 6,000% pump in XRP price based on bullish Elliot Impulse Waves.
Another volatile action takes the price of Bitcoin (BTC) to $95,000 after the pioneer crypto asset just recovered the 6-digit price of $102,000. While traders hoped to see the price of BTC climb higher and retake its previous ATH at $108,268.45, the asset took a tumble instead. Still, seasoned analysts remain confident in the fact that BTC price will rally soon.
In detail, the price of Bitcoin is expected to see even greater dips by some analysts, perhaps even to the $85,000 price range. One analyst spoke of a new local bottom being formed for BTC before a stronger rally can take place. Once the precious ATH is retaken, BTC price is expected to shoot higher and set higher ATHs between $113,000 to $220,000 prices.
Altcoins Gain Traction Amid BTC Dip
Meanwhile, analysts are shifting sights to capable altcoins instead. Historically, the peak of the altseason should begin now and carry on for the rest of Q1. Every Q1 following a Bitcoin Halving year has always resulted in a bullish altseason peak. In support of this move, many altcoins have printed bullish signs hinting at significant pumps soon.
6,000% Price Pump Awaits XRP
https://twitter.com/CryptoBull2020/status/1876667954638561631
As we can see from the post above, Ripple’s XRP is one such asset. Specifically, in the eyes of this analyst, XRP price is expected to surge above $20 this bull cycle and to $13 within the next few weeks. This prediction is based on Elliot Impulse Waves which start after a significant breakout. In 2017 these 5 waves took XRP price from $0.002 to $3.84 and 70,000% pump. Likewise, the analyst expects this cycle’s 5 waves to take XRP price from $0.50 to $26 and a 6,000% pump.
The post $26 XRP ATH Prediction Takes Shape as Analyst Explores Bullish Elliot Impulse Waves and a 6,000% Surge appeared first on Cryptonewsland.
