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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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