A widely followed cryptocurrency trader sees the prospects for Bitcoin (BTC), Apecoin (APE) and two Ethereum (ETH)-based altcoins amid signs of a potential recovery in the cryptocurrency market. sharing.
As Bitcoin Continues to Trade Above its 200-Day Exponential Moving Average (EMA), Altcoin Sherpa Tells His 180,700 Twitter Followers The Major Crypto Asset Must Hold To Confirm Uptrend I’m telling you.
BTC: This is a key level (this and $22,000) and should be held to consider higher lows. Last move bounced at .618, which is currently around the .50 level is.”
He said that the Bored Ape Yacht Club (BAYC) related crypto asset APE could surge to $9.00 depending on the price movements of Bitcoin and Ethereum. At the time of writing, APE is trading at $7.43.
APE: If BTC and ETH stay stable, I think this will continue to go up to $9. I’m still in my position overall, but I’m already making a little profit. from the middle.”
Altcoin Sherpa also shares forecasts for Optimism (OP) and Lido Dao (LDO), which peaked at $2.18 and $2.81 respectively this month. He says the two altcoins will fall following the price spike, with OP currently trading at $1.86 while LDO is trading at $2.57.
I think both LDO and OP are probably good shorts and at least a hedge against all spot holdings. In my opinion, don’t buy here if you plan to keep it for a while.”
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