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A popular digital asset analyst known as Credible analyzes the near-term outlook for Bitcoin (Bitcoin), Ethereum (ethereum) and one decentralized finance (DeFi) altcoin.
traders say on new looms video He believes bitcoin will likely jump to the $19,000 level “for a proper bailout.”
However, he also said that another scenario would be for Bitcoin to lose its must hold levels of $16,300 to $16,400 and drop to lows around $16,000.
BTC is trading at $16,684 at the time of writing, a slight increase for the day.
Credible also believes Ethereum will follow in the footsteps of Bitcoin. He says ETH could go one more rally, but in any case, he believes it will fall to a new local low below $1,073 sooner or later.
ETH is trading at $1,191 at the time of writing. The second largest crypto asset by market capitalization is up 1.30% over the past 24 hours.
Analysts also believe DeFi platform Curve DAOs native token (CRV) Bitcoin and Ethereum may track and move higher towards $0.70 before correcting into the $0.50 territory. He also predicts that the 93rd-ranked crypto asset by market capitalization could break out and return to its target of $1.55 in the months ahead into 2023.
CRV is trading at $0.524 at the time of writing, down more than 3% over the past day.
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