Prominent crypto analyst Captain Faibik has predicted significant moves for Bitcoin and several 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 rising wedge on the four-hour period. That has generated optimism, and overcoming the $38,000 hurdle would confirm the optimism of the leading cryptocurrency.
That could see BTC jump to $41,000. Bitcoin rallies will support notable increases in the altcoin market. However, if the aforementioned resistance is not overcome, the price could cause drops to $34,000. The leading digital currency gained more than 2.72% in the last 24 hours to trade at $37,440.
BTC 1D Chart on Coinmarketcap
APE Rally +200
He stated that Apecoin remains in sideways action and that the bulls would need to conquer a massive trendline to confirm a breakout.
$APE appears to have hit rock bottom, but is not out of the woods yet.
The bulls need to break above the main trend line to confirm the breakout.
In case of a successful breakout of the trend line, a bullish rally of +200% is expected in the medium term.#Crypto #APE #APECOIN pic.twitter.com/briMQmBQg8
– Captain Faibik (@CryptoFaibik) November 23, 2023
Such a development could catalyze a rise of over 200% for the meme coin.
Bulls dominate RUNE
THORChain has seen bullish rallies lately, taking advantage of the latest broad-based rallies. RUNE magnified its optimism by confirming a breakout of the descending channel on November 6.
$RUNE #RUNE Bulls in total control…🔥📈 https://t.co/tK33QleylL pic.twitter.com/hXPpz4SK7c
– Captain Faibik (@CryptoFaibik) November 23, 2023
Faibik believes that bulls have dominated that altcoin and enthusiasts can expect continued upside.
COTI prepares for impressive rallies
Additionally, COTI prices remained elevated this month. The token confirmed a falling wedge breakout on November 9.
$COTI New falling wedge test in progress on weekly chart.
In case of a successful retest, I anticipate a bullish rally of approximately +250% in the medium term.#Crypto #COTI #COTIUSDT https://t.co/dhZLqtYavO pic.twitter.com/QEpdcIUOM2
– Captain Faibik (@CryptoFaibik) November 23, 2023
In the meantime, retest the wedge on the seven-day chart. Success here could trigger a +250 bull run for COTI.
Captain Faibik advised cryptocurrency enthusiasts to take a wait-and-see approach and take action on trend confirmations.
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