✳️ Verge vs Bitcoin After 540% Growth (250% Potential Next)

9 ก.ย. 2023

Verge (XVGBTC) grew by 540% in its initial bullish wave, the bullish breakout that marked the end of a multi-year long bear market for this trading pair.

This wave took place between late June and early July.
As is normal and expected a correction followed the massive growth.
A 64% correction, XVGBTC moving from a peak of 32 sats back to 11 sats, right above the 0.786 Fib. retracement level relative to the bullish breakout.

After a total of 63 days in correction+consolidation mode, XVGBTC is now moving again, going bullish and this is marked by a strong green candle and a break above EMA50.

We see potential for prices to grow and hit a new high, the target being 55 sats or 250% from the current price.

From bottom to top, 27-June low to the potential next peak, we have a total of 1,000%... In just a few months.

My believe is that the entire Cryptocurrency market is set to grow.

Namaste.