Bitcoin price in the past week broke out from the ascending parallel channel and appears to be self-assured of smashing $50K at the earliest. Further, the price holds an important level at $50,640 which may ignite a strong uptrend towards the ATH. On the other hand, the Ethereum price is also attempting very hard to break through the consolidation, yet is unable to slice through the $2420 levels. However, a strong resistance zone resides just above $3600 which could hold the price very strong.
While the ADA price after a parabolic recovery is expected to slide down a little towards the strong support levels at $1.01 again. However, it may ignite a strong flip here that could kick-start an upswing towards $1.6 levels. While XRP tests crucial resistance close to around $0.86 and tries hard to clear these zones. Despite a pretty much uncertain environment, the assets are expected to hit the highest levels in a couple of months.
A popular analyst and a famous Youtuber, Crypto Rover set some unbelievable targets for the popular cryptos. He sets the BTC price target at $70K to $100K in the upcoming 2 to 4 months. And a similar higher price target is set for Ethereum, Cardano, Polkadot & XRP. While the network upgrades and the swelling DeFi/ NFTs, etc may fuel the price, an extremely high target for XRP hints at a v-shape recovery for the asset.
Therefore, the Q1 close may be notably bullish which may ignite a strong open for the Q2 2022 trade. And hence the upcoming quarter could be much more profitable as the crypto space is manifesting a huge bullish momentum. No doubt these targets are achievable, but whether they may happen in the next 2 to 4 months would be interesting to watch!
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