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Top Analyst Warns Crypto ‘Moon Mission’ on Hold, Reveals Targets for Bitcoin, Ethereum and XRP – Featured Bitcoin
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Top Analyst Warns Crypto ‘Moon Mission’ on Hold, Reveals Targets for Bitcoin, Ethereum and XRP

A top analyst and trader believes that a crypto “moon mission” is on hold in the short-term.

In a new strategy session shared with his 62,000 Twitter followers, Credible Crypto says Bitcoin (BTC) is experiencing a healthy correction after posting a 52-week high of $12,045. Once the correction takes place, he expects a rapid ascent to $14,000 or higher.

“What we’re looking at now is either an expanded flat or a running flat. In the case of an expanded flat, we might push up a little bit higher, complete that [bearish] divergence in the daily, and then come back down to retest the $10,400 region. In the running flat scenario, we come up, and then we get a retracement but it doesn’t go lower than $10,600 and then we simply continue to the upside of $14,000.”

In the last 24 hours, the crypto king plunged to $11,249. It is now trading at $11,748 according to CoinMarketCap.

Meanwhile, Credible Crypto says that a trip to the low $300 region for Ethereum (ETH) offers an excellent opportunity to buy the dip. The coin has already reached his first target of $370.

Source: Credible Crypto/Twitter

As for XRP, Credible Crypto is optimistic that Ripple’s native token will continue to climb. He predicts that the third-largest cryptocurrency will soar in the next two months.

“It’s simply not about fundamentals right now, early days still. Price is still mainly driven by speculators. Don’t forget XRP was a top performer like two weeks ago. 40+% in a week. Now we are prepping for the next leg.”

Credible Crypto says Ripple’s native token can potentially surge over 30% from its current price of $0.28.

“XRP is gearing up for $0.35 to $0.37.”

Source: Credible Crypto/Twitter

In July, before Bitcoin, Ethereum, and XRP exploded, Credible Crypto predicted that the broader crypto market will experience a bullish rally.

“In the coming months, we will get to experience one of those rare periods of time when both bitcoin and alts pump together…and it will be beautiful #bitcoin #alts #moonmission.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Art Furnace

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