A closely followed crypto strategist is predicting rallies for digital assets this week while mapping out Ethereum’s (ETH) price path against the US dollar and Bitcoin (BTC).
Pseudonymous analyst Credible tells his 338,00 Twitter followers that he sees Bitcoin leading a crypto market bounce in the coming days.
“Expectations on ETH in the coming days with idea for BTC shared two days ago. BTC leads the market with some relief. ETH bounces.”
Looking at Credible’s chart, he expects Bitcoin to carve a low at around $19,000 before bouncing to $23,400. At time of writing, BTC is trading at $19,826, down over 1% on the day.
Credible also says that while he expects BTC to print a bullish higher low setup after the rally, he sees Ethereum taking the opposite route.
“On the way back down, however, BTC puts in a higher low, ETH/USD puts in a lower low. This sends ETH/BTC down and starts the big decline on ETH/BTC.”
Based on the analyst’s chart, Ethereum looks poised to correct to around $1,200...
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