A Crypto Strategist Predicts Bitcoin Will Reach New Highs
A popular crypto strategist believes that it’s only a matter of time before Bitcoin (BTC) reaches its all-time high (ATH) again. Altcoin Sherpa, a pseudonymous analyst, predicts that BTC will eventually soar and surpass its ATH of around $69,000. According to Sherpa, it’s important not to get distracted by the lower time frame charts and noise. The inevitable journey of BTC to its ATH should not be fought against.
Chainlink and Avalanche Updates
Sherpa also shares insights on other cryptocurrencies. He suggests that Chainlink (LINK) has been in an accumulation range for more than 500 days but predicts that it will eventually break out. Sherpa advises investors to dollar cost average from $5-$7 and wait for the breakout before making bids.
Regarding Avalanche (AVAX), a competitor of Ethereum (ETH), Sherpa believes it is a buy-the-dip opportunity. With factors such as the recovery of Stars Arena and logical support/resistance areas, Sherpa expects AVAX to rise above $10 in the mid-term.
Hot Take: Bitcoin’s Soaring Future
The crypto market is eagerly awaiting Bitcoin’s next move, with many hoping for a return to its previous ATH. Altcoin Sherpa’s prediction adds fuel to this anticipation, stating that BTC’s journey back to its ATH is inevitable. This projection aligns with the bullish sentiment surrounding Bitcoin and reinforces the belief in its long-term growth potential.
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