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A crypto strategist known for making timely altcoin calls warns of an imminent fix for Bitcoin (BTC) and Chainlink (LINK).
Pseudonym Analyst Altcoin Sherpa To tell His 181,900 Twitter followers look bitcoin-heavy after BTC bounced back from around $21,800 to below $20,000 on Friday.
BTC: I think it will probably be in the high $19k range. Seems like the next logical bounce spot. Price didn’t have the strength to reach $23k before falling further. Price is still range. I believe it will be around $17,000.”
As of this writing, Bitcoin is trading at $20,068, flat for the day.
Next is the decentralized oracle network Chainlink. LINK risks losing more than 30% of its value if Bitcoin and Ethereum (ETH) witness another correction move, according to Altcoin Sherpa.
Link: This has been fluctuating for 3 months now. It remains to be seen if this is an accumulation or just a pause before another breakdown. Like all altcoins, BTC/ It will depend on ETH when they collapse, this will be $4.50.
At the time of writing, Chainlink is trading at $6.53.
Crypto strategists are also keeping an eye on Ethereum price action. According to Altcoin Sherpa, Ethereum could reignite its bullish momentum as long as it remains above his $1,460 key monthly level.
ETH: Overall, these monthly levels are still holding. Expected to remain higher than current prices in the short term. $1,800 is the key level in my opinion.
At the time of writing, Ethereum is trading at $1,494.
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Featured image: Shutterstock/Andy Chipus/prodigital art/Salamahin
