Analyst says an altcoin is poised to race as bitcoin and crypto markets surge

A prominent analyst is making predictions for an enterprise-class altcoin that focuses on security and regulatory compliance while tracking the leading cryptocurrency, Bitcoin.

According to trader Credible Crypto, he is bullish on Hedera (HBAR) after analyzing a chart highlighting weekly demand for the altcoin following a series of three “dynamics” since last March.

“History doesn’t repeat itself, but it often rhymes…”

When asked for further clarification by a follower, believable said He hopes that demand will outstrip supply and drive up the price of HBAR.

“Multiple looks at key high time frame (HTF) swing lows in the same area show buyers stepping in to buy dips in this area and if demand exceeds supply during the correction, prices will reverse.”

The expert was also asked about HBAR’s “stagnant” price, Mr answer:

“Consolidation precedes expansion. No matter what they do, as soon as it starts, the speculators come and take care of the rest.”

HBAR is currently the 34th largest cryptocurrency by market cap. At the time of writing, it is down 1.5% in 24 hours and is trading at $0.25.

Moving on to Bitcoin, Credible Analysis followed Monday’s tweet, which referred to BTC’s sideways price action.

charting expert said Bitcoin is likely to break through $45,000 next.

“Amazing breakout of the red zone – I think we’ll come back to $45k-47k from here.”

The source: Credible Crypto

Bitcoin is trading at $42,710. It has held above $40,000 for 12 consecutive days.

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