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Although the larger part of the crypto currency market, including its representative and largest asset by market capitalization, Bitcoin (BTC), is trading in the red this week, the sector as a whole might soon flip the situation for the better and continue toward new highs. Specifically, the professional crypto trader Michaël van de Poppe has observed that the next two years could be exceptionally bullish for the flagship decentralized finance (DeFi) asset and the entire crypto industry, as he said in an X post published on February 5. The following two years will be a massive bull run for #Bitcoin and #Crypto. — Michaël van de Poppe (@CryptoMichNL) February 5, 2024 Indeed, in terms of Bitcoin, van de Poppe expects it to go through a consolidation period from which Ethereum (ETH) “is going to start outperforming, especially if the upgrades are going to be a success.” However, he sees the maiden crypto asset in the $48,000 range during the pre-halving period. Bitcoin pri...

As most assets in the cryptocurrency sector turn a greener leaf, XRP is no exception, gaining 3% today and eyeing more increases, particularly as its recent price movements have suggested an exit from a bearish pattern in which it has spent recent weeks. Specifically, XRP seems to be breaking out of the descending parallel channel in which it has resided since early November, suggesting a possible upswing to $0.65 or $0.66 in the near future, according to the Analysis shared by renowned cryptocurrency expert Ali Martinez on November 23. Bitcoin price action analysis. Source: Ali Martinez Indeed, the descending parallel channel is a technical chart pattern that depicts an asset’s steady downward movement between two trendline barriers with a series of lower lows and lower highs, and that typically culminates with a counter-trend move upward, which could also happen to the XRP token. XRP price analysis As things stand, the currently fifth-largest crypto asset by market capitaliza...