Due to rising investor optimism over the previous 24 hours, popular cryptocurrency prices improved modestly on Wednesday. Despite losing 0.13 percent in the last 24 hours, Bitcoin, the world’s largest cryptocurrency, was trading above $63,000. As SOL, ETH, and DOT established new ATHs, the cryptocurrency market cap reached a new high of $2.750 trillion. BTC has a 43.7 percent market share.
XRP, Solana, Cardano, Polkadot, Terra, Stellar, Uniswap, Polygon, and Litecoin have all seen significant gains in the last 24 hours. The meme cryptocurrency Shiba Inu, on the other hand, has been shedding a lot of its recent gains.
Significant Breakouts for these Altcoins soon?
Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) are all expected to see significant breakouts, according to a well-known crypto analyst and trader (BNB).
Bitcoin is one diagonal resistance away from printing a new all-time high, according to the pseudonymous analyst Smart Contracter, who has 177,800 Twitter followers.
A breakout from the inverse head and shoulders formation into a bullish continuation pattern, according to the trader’s chart, would take Bitcoin to his price goal of $68,000.
When it comes to the main smart contract platform Ethereum, the crypto expert believes it will clear skies as long as it closes above $4,400 on a daily basis.
According to him the test was that little ETH ATH [all-time high] on Friday. The explosive breakout will be the next one.
Patience pays, another ETH ATH breakout. Hopefully we get this daily close to remain near its highs, then the sky is the limit.”
Smart Contracter predicts a move to a new all-time high of $700 for BNB, the utility token of global crypto exchange Binance, representing a potential upside of almost 27% from its current price of $551.
“For BNB, another good daily close above resistance. Whether you like CZ [Binance CEO Changpeng Zhao] or not, this is going to ATH.”