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Prominent crypto analyst Captain Faibik has predicted significant moves for Bitcoin and various altcoins, including Apecoin ($APE), THORChain ($RUNE), and Coti ($COTI).
Faibik highlighted that Bitcoin created an ascending triangle setup on the twelve-hour chart and a climbing wedge on the four-hour timeframe. That has yielded optimism, and overcoming the hurdle at $38K would confirm bullishness for the leading cryptocurrency.
That might see $BTC jumping to $41K. Bitcoin’s upswings will support notable surges in the altcoin market. Nevertheless, failure to surpass the mentioned resistance might trigger plunges to $34K. The top digital coin gained over 2.72% in the past 24 hours to trade at $37,440.
$APE’s +200 rally
He stated that Apecoin remains in sideways actions, and bulls should conquer a massive trendline for a breakout confirmation.
$APE Seems like bottomed out but not out of the Woods yet.
— Captain Faibik (@CryptoFaibik) November 23, 2023
Bulls need to Clear the Major Trendline to Confirm the Breakout..
In case Of Successful Trendline Breakout, Expecting +200% Bullish Rally in the Midterm.#Crypto #$APE #APECOIN pic.twitter.com/briMQmBQg8
Such a development might catalyze a more than 200% surge for the meme coin.
Bulls dominate $RUNE
THORChain has seen bullish rallies lately, capitalizing on the latest broad-based surges. $RUNE magnified its bullishness as it confirmed a descending channel breakout on 6 November.
$RUNE #$RUNE Bulls in Complete Control..🔥📈 https://t.co/tK33QleylL pic.twitter.com/hXPpz4SK7c
— Captain Faibik (@CryptoFaibik) November 23, 2023
Faibik believes bulls have dominated that altcoin, and enthusiasts can expect continued upsides.
$COTI poised for impressive rallies
Also, $COTI prices remained elevated this month. The token confirmed a declining wedge breakout on 9 November.
$COTI Falling Wedge Retesting in Progress on the Weekly Chart.
— Captain Faibik (@CryptoFaibik) November 23, 2023
In case of Successful retest, I anticipate a approximately +250% Bullish Rally in the Midterm.#Crypto #$COTI #COTIUSDT https://t.co/dhZLqtYavO pic.twitter.com/QEpdcIUOM2
Meantime, it is retesting the wedge on the seven-day chart. Success here could trigger a +250 bullish run for the $COTI.
Captain Faibik advised crypto enthusiasts to adopt a wait-and-watch approach, and take action upon trend confirmations.
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