Cred analyst is convinced that bitcoin will grow by 433% like Fetch. ai

A cryptocurrency analyst known as Cred shared his opinion on the future of bitcoin. The expert believes that BTC $56,457.80 Bitcoin -2.47% Market capitalization $1.11 trillion VOL. 24 hours $4.48 billion may repeat the price dynamics of the artificial intelligence token Fetch. ai (FET).

As Cred explained to his 337,200 Twitter followers, the BTC chart is already showing growth similar to the decentralized machine learning network FET, which has risen by a whopping 433% this year. Based on the analyst’s chart, he predicts a short pullback for BTC before the flagship cryptocurrency jumps to above $ 44,000 in the coming months.

«Here is a visual comparison of the BTC and FET charts. And right off the bat, the latest drop of the fifth wave to a new all-time high doesn’t look so crazy, does it? If bitcoin imitates the growth of Fetch. ai, it will look something like this,» the analyst wrote.

Fetch.ai is an open-access network that uses decentralized artificial intelligence and machine learning to ensure the growth and development of the digital economy with minimal human intervention. The platform provides developers with the tools necessary to create autonomous agents that optimize smart homes, supply chains, transportation, and other industries. The native Fetch. ai FET token is used to pay network commissions and reward validators.

While Cred is convinced that bitcoin will grow in 2023, Benjamin Cowen predicted that the HTS will fall by 47%. According to the expert, bitcoin will grow in the coming months and then «test» the diagonal trend line, dropping to $ 12,000 in August 2023. In addition, Cowen believes that there is a cryptocurrency that can rise in value above bitcoin.