A popular cryptocurrency trader and analyst states with a warning that Bitcoin (BTC) is in a bullish trend. He also conveys his thoughts for altcoins. Here are the comments from Altcoin Sherpa…
Bitcoin review from Altcoin Sherpa
Altcoin Sherpa told 174,900 Twitter followers that he was “prudently bullish” on Bitcoin, while corrections have been in the past He noted that he typically watches BTC’s upward moves. According to the analyst, the bullish thesis will be invalidated if the key support level between $36,000 and $37,000 is broken. As we have reported as Cryptokoin.com , BTC has declined to the level of 35,000 dollars. The analyst used the following statements:
BTC: Although I cautiously continued to rise until I lost $36,000 – $37,000 on higher timeframe charts, it is important to note that each of these moves quickly retraced. A few points though:
We saw some big moves in February and March, followed by a quick turnaround.
“Pumps” and “dumps” have shrunk noticeably over the past few weeks.
I am still hopeful/believe that we will see a pump between $50,000 and $55,000 before potential new lows.
The analyst also shared his analysis of the altcoin
Altcoin Sherpa reveals two possible scenarios for APE, while the token is present rather than staying in the current region. says it’s more likely to break out of range. The first possibility for the token is a V-shaped turn of $19 – $20 followed by massive price drops; He states that the second possibility is for the price to drop to between $15 – $17 for a while and then move on to a longer, sustained upward move where we see a more sustainable move. He thinks the former is more likely.
Altcoin Sherpa, on the other hand, says Looks Rare (LOOKS) will gain more than 10 percent from current levels. He states that if LOOKS rises to $2, it will make partial sales.
Lastly speaking of NEAR, Altcoin Sherpa is trading below the 200 moving average on the four-hour chart, showing that NEAR is currently approaching a key 0.5 Fibonacci resistance level. He says that investors should now reduce their positions in the token. “Get ready to make some profits soon,” he tells investors.
