One expert crypto analyst is in the coming altcoin news for his statement through which he predicts that the cryptocurrency markets will surge over the next 2 days. In times when Bitcoin is incurring significant buying pressure, altcoins are also surging – but there are also some which have remained stagnant and failed to match the large gains that Bitcoin and the market have posted in April and the beginning of May this year.
The prominent crypto analyst is expressing a bullish stance, predicting that the cryptocurrency markets may breakout and telling his 50,000+ followers on Twitter that there may only be a couple of days left to buy the altcoins “at a discount” before the fresh altcoin news show significant gains.
The analyst with a handle ‘Galaxy’ on Twitter is very celebrated and popular in the space. As he explained in his latest tweet, altcoin may soon incur a sudden influx of buying pressure that may send them to new sky highs. As he said:
“Probably less than 48 hours to buy altcoins at a discount. Green line breaks up and it’s showtime.”
Probably less than 48 hours to buy altcoins at a discount.
— Galaxy (@galaxyBTC) May 7, 2019
Assuming that this prediction is accurate, we can see the cryptocurrency markets surge starting from Bitcoin which may consolidate around its current price levels and allow the traders to direct some of the recent profits in various altcoins.
The latest cryptocurrency news show that major cryptocurrencies have been trading sideways over the past several days. The only exception was Ethereum (ETH), which managed to surge from the lows of $160 on Monday to new highs of $180 and right now sits below that level. The recent surge on the crypto markets has also set high price targets.
According to another analyst named ‘DonAlt’ on Twitter and featured in many best cryptocurrency news sites for his realistic predictions, Ethereum could climb above the next resistance level which is 0.036 BTC right now.
“$ETH Pretty simple trading range setup developing here. Currently at support – Aiming for resistance. Wouldn’t want to see it close below green and if it breaks the recent low it’s probably reaching quite a bit lower. Definitely the most attractive alt to me right now” in the cryptocurrency markets, he explained.
Pretty simple trading range setup developing here.
Currently at support – Aiming for resistance.
Wouldn't want to see it close below green and if it breaks the recent low it's probably reaching quite a bit lower.
Definitely the most attractive alt to me right now. pic.twitter.com/mOrTuxswPu
— DonAlt (@CryptoDonAlt) May 7, 2019
The crypto markets continue to consolidate as Bitcoin continues to establish its foot in the upper $5,000 region.
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