The crypto markets have begun to recover after being under bearish influence for a couple of days. While the prices of the top cryptos have begun to surge, some of the mid-cap altcoins have been displaying immense bullish momentum. One of the top analysts, Captain Faibik, rolls out the predictions for Bitcoin (BTC) and Injective Procotol (INJ).
Bitcoin price has been trading along with the rising trend line and recently ignited a bounce, aiming to head toward immediate resistance. Therefore, the analyst believes the price may face an interim swing that may rise levels above $30,000 soon.
“BTC is Bouncing Back,
According to Ascending Broadening Wedge Formation, if bulls reclaim the 28.7K resistance, Expecting a +10-12% bullish rally in the coming days,”
The price may maintain a healthy upswing for a while and reach beyond $30,000 and may face an interim pullback. After a brief consolidation, the price may begin with a strong upswing and reach levels close to $32,000 and may even reach beyond $32,500.
INJ Price Analysis
Secondly, the analyst sheds light on Injective Protocol price prediction. The price has maintained a fine descending trend for nearly a week. The recent rebound which sparked raised the levels from around $6.4 to as high as $8.5 in no time.
“$INJ Descending channel breakout in 1H TF Chart..!!
Looks Promising for +15% Bullish Rally in Short Term..”
Now that the Injective Protocol price reached the exact target, the price may certainly maintain a fine upswing ahead. Therefore, the analyst now believes the price may surge by 20% and if it does so may even reach beyond a double-digit figure.
The crypto markets are believed to follow the star crypto and hence if Bitcoin price finds some stagnancy, then a significant upswing may be imminent.
Source: https://coinpedia.org/price-analysis/analyst-maps-higher-targets-for-bitcoin-btc-price-predicts-15-surge-for-inj-price/