Ethereum

Top Crypto Analyst Unveils Massive Price Targets for Polkadot Next Year, Predicts Imminent Bitcoin Rally

A intently adopted crypto strategist is predicting epic rallies for Polkadot (DOT) in 2022 whereas anticipating a pointy restoration for Bitcoin (BTC).

Pseudonymous dealer Capo tells his 220,800 Twitter followers that he sees interoperable blockchain Polkadot surging by as a lot as 2,471% from its present price of $26.25 by May subsequent yr.

“DOT chart hasn’t changed, still same bias and targets.”

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Source: Capo/Twitter

Capo got here up along with his prediction utilizing the Elliott Wave idea, a technical evaluation strategy that forecasts future price motion by following crowd psychology that tends to manifest in waves. According to Capo’s chart, DOT is gearing up for a powerful wave three rally to $250 earlier than a large correction that places Polkadot able to ignite a wave 5 surge to $675.

Looking at Bitcoin (BTC), Capo believes that the underside is in for the main crypto asset.

“These two corrections are very related.

– Same 3 wave transfer sample

– Same backside formation (3 touches)

– Same funding+premium unfavourable charges

– Same hidden bearish divergence earlier than the final leg down.”

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Source: Capo/Twitter

According to Capo’s chart, Bitcoin’s corrective transfer to under $46,000 on December thirteenth places BTC able to rally above $60,000.

As for Ethereum (ETH), the crypto analyst is bullish on the main sensible contract platform so long as it avoids a weekly shut under $3,900.

“ETH has been forming a perfect uptrend with consecutive higher lows since the March 2020 crash, and now it’s retesting the previous highs as support. This is very bullish.”

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Source: Capo/Twitter

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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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