Top Analyst Says One Blue-Chip Altcoin ‘Begging To Break Out,’ Updates Outlook on Bitcoin and Ethereum

A closely watched cryptocurrency analyst and trader is bullish on the top 10 altcoins by market capitalization.

Analyst known by the pseudonym DonAlt To tell The 59,100 subscribers of the TechnicalRoundup YouTube channel indicate that the price trend of BNB, the native token of the BNB chain, currently indicates significant upside potential.

“I like BNB…I like the BNB chart. This is BNB/USD [chart], it’s basically begging for a breakout. I think if you push this, it will just be a buy. ”

At the time of writing, BNB is trading at $561.

The pseudonymous analyst said the fourth-largest crypto asset by market capitalization would become unattractive in the long term if it fell by around 20% from current levels.

“Anything below $450 is going to start to look a little risky. But in general this looks very strong.

And with the BNB/BTC pair, you can see what the absolute advantage is. It’s actually a very nice looking chart. If you want a coin that actually looks good… BNB is one of them. That chart looks great. ”

Next is Bitcoin (BTC). Bitcoin’s movement around two key levels will likely indicate where the flagship crypto asset is likely to go next, according to analysts who are closely following it.

“I think the closing price will be over $70,000.” [on the monthly chart] It’s probably heading towards $80,000, $90,000…A close below $57,000 is probably heading towards around $45,000. ”

At the time of writing, Bitcoin is trading at $58,840.

Regarding Ethereum (ETH), DonAlt said:

“If the weekly closes above $3,000 this week, we can probably talk about a possible return to $4,000. So at this point I’m more bullish on ETH than I’ve been in years.” It’s the same as

At the time of writing, Ethereum is trading at $2,988.

Never miss a beat – Subscribe to get email alerts delivered straight to your inbox

Check price action

follow me X, Facebook and telegram

Surf the Daily Hoddle Mix


Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated image: DALLE3

Related Article


Leave a Comment