Crypto influencer and trader Lark Davis says Bitcoin will go up, but altcoins will outperform the king coin in the coming months.
In a new video, Davis uses the Bitcoin table to explain why he is optimistic about BTC in the short term.
Davis points out that Bitcoin is on the verge of breaking the Moving Average Convergence Divergence (MACD), a move that has preceded major BTC rallies in the past.
“This has not yet been confirmed. Keep that in mind. It can’t be confirmed, but it is very, very close to confirmation. If we keep this momentum we will get a confirmation and if that is confirmed it would be a very bullish technical move for Bitcoin.
The last three times we have had a bullish MACD crossover the price has increased 120%, 66% and 20%. So this indicator tends to represent a period in which Bitcoin will see serious gains. “
The trader adds that the indicator is likely to confirm tomorrow or the next day, although nothing is certain when it comes to the BTC charts.
Davis also points out that Bitcoin bull and Real Vision founder Raul Pal believes the entire crypto market has passed a significant milestone after reaching a market cap of $ 1.8 trillion. Both crypto investors believe the valuation of the crypto space will double in the coming months.
The market cap of the entire digital asset space seems like a big deal. The chart pattern suggests that acceleration is ahead of us in this pause. I suspect the total space will double in the next 2 to 3 months. Let’s see! pic.twitter.com/125lTVAkNH
– Raoul Pal (@RaoulGMI) March 30, 2021
While investors can rely on Bitcoin for steady profits as the growth of the crypto market accelerates, altcoin investments, while riskier, will show life-changing profits for traders in 2021.
“2021 is one of the greatest opportunities in your financial life. The potential for life changing money to change your financial fortune in 2021 is incredible.
But here’s the truth: if you only buy bitcoin, you won’t see the exponentially huge profits. You will get pretty good returns, but if you want to make the big bucks you have to invest in altcoins. “
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Featured image: Shutterstock / Tithi Luadthong