- Sheldon from Crypto Banter predicted that the crypto market may rally in the next 2-3 weeks.
- The analyst was especially bullish on the market leader and forecasted that it may reach $50K by the end of the year.
- Rallies for SUSHI, AVAX, NEAR, SOL, ADA, ETH, MATIC, DOGE, and THETA were all forecasted in the analysis.
An analyst from Crypto Banter named Sheldon predicted in his latest analysis that the cryptocurrency market could rally in the next 2-3 weeks. He did, however, warn that this bullish thesis will only be validated as long as the market leader Bitcoin (BTC) maintains a position above the crucial $29.5K support.
Furthermore, he forecasted that BTC closing a daily candle above $32K in the coming few days may lay the foundation needed for the cryptocurrency to climb to between $35K and $40K throughout the upcoming weeks. On the other hand, BTC closing a daily candle below $29.5K may lead to a correction to $27K in the next couple of weeks.
Despite the bullish outlook for the leading cryptocurrency, the analyst did note that there was still a fair amount of sell pressure present on BTC’s weekly chart. Nevertheless, he shared that he will be confiden…
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The post Rallies for Multiple Altcoins in Next 2-3 Weeks: Predicts Analyst appeared first on Coin Edition.