Crypto analyst RWA Investor has predicted that Bitcoin will rise to $140,000 XRP to $7setting new all-time highs (ATHs) for these cryptos. The analyst also provided a timeline for when they will achieve these targets and what will drive the parabolic rally.
Analyst predicts Bitcoin will rise to $140,000 and XRP to $7
In one X messageRWA Investor predicted that Bitcoin would trade at $140,000 in May and XRP would reach $7. He claimed that this is not wishful thinking, but a psychological perspective. The analyst explained that the transition from wave 2 to wave 3 is rapid and is intended to push capital to the sidelines. carries in the market.
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The analyst has now indicated this the CLARITY Act and an interest rate cut will be the catalyst that will spark this Bitcoin and XRP rally. He claimed that the crypto law and an interest rate cut are around the corner. However, it is worth noting that the crypto bill has yet to be introduced, with the Senate yet to set a drafting date for the bill.
At the same time, there is still uncertainty about when exactly the Fed will cut rates War between the US and Iran cause inflation. Market participants are currently pricing in the possibility that the Fed will hold rates steady throughout the year in an effort to bring inflation back to its 2% target.
As such, it is uncertain whether the CLARITY Act or a rate cut could trigger this Bitcoin and XRP rally, as it is unlikely to happen anytime soon. However, these cryptos, alongside the broader crypto market, have risen this week on optimism that the US-Iran war could end quickly if both sides continue to negotiate. US President Donald Trump also extended the ceasefire yesterday, signaling the US’s willingness to end the war soon.
BTC has bottomed out
In one X messagecrypto analyst Michaël van de Poppe opined that Bitcoin has bottomed out, indicating that XRP and other altcoins may have bottomed out as well. He noticed that The fair value of BTC is still a long way off, even with the Nasdaq creating new ATHs. Therefore, the analyst is confident that this current rally can continue for a while.
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The analyst further noted that, based on the statistical data, the only time the market has seen a new low was due to the collapse of the FTX. He noted that there is no such case this time and predicts that BTC will likely continue its uptrend towards $90,000 and then consolidate there for a while. Michaël van de Poppe added that this is the moment when altcoins will come back into the spotlight.
Featured image of Pngtree, chart from Tradingview.com