Altcoins
Top Analyst Says Top Altcoin ‘Begging to Come Out’, Updates Outlook on Bitcoin and Ethereum
A closely followed cryptocurrency analyst and trader expresses bullish sentiment on a top 10 altcoin by market cap.
The pseudonymous analyst known as DonAlt tell 59,100 subscribers of the TechnicalRoundup YouTube channel that the price action of BNBthe native token of the BNB chain, is currently signaling huge upside potential.
“I like BNB…I like the BNB chart. This is BNB/USD. [chart], it basically requires breaking out. I think a drop in that amount would just be a buy.
BNB is trading at $561 at the time of writing.
According to the pseudonymous analyst, the fourth-largest crypto asset by market capitalization would cease to be attractive for a long-term opportunity if it falls by around 20% from the current level.
“Anything under $450 would start to look a little risky. But overall it seems very strong.
And then if you go to the BNB/BTC pair, you see what absolute dominance looks like. It’s actually a very beautiful painting. So if you really want to have a room that looks great… BNB is one of them. This table looks excellent.
Next up is Bitcoin (BTC). According to the closely followed analyst, Bitcoin’s behavior around two key levels will indicate where the flagship crypto asset is likely to head next.
“I think any close over $70,000 [on the monthly chart] probably going to go towards $80,000, $90,000… any close below $57,000 is probably going to go towards $45,000.
Bitcoin is trading at $58,840 at the time of writing.
On Ethereum (ETH), DonAlt says:
“If the weekly closes above $3,000 this week… then we can talk about a possible return to $4,000. So I’m more bullish on ETH than I have been in almost years at this point.
Ethereum is trading at $2,988 at the time of writing.
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