A Crypto Analyst Bullish on Bitcoin and Altcoin Performance
A popular crypto analyst is optimistic about the future of Bitcoin (BTC) and a specific altcoin ranked in the top 100 by market capitalization. Altcoin Sherpa, a pseudonymous trader, believes that the crypto gambling platform Rollbit (RLB) will perform well in the short term.
Altcoin Sherpa notes that Rollbit has experienced a resurgence in inflows after a period of stagnation. The trader predicts that the next resistance level for Rollbit will be around $0.20, following a breach of the $0.158 level. Altcoin Sherpa considers RLB as the leader in its sector and expects it to succeed in the short term.
As of now, RLB is trading at $0.160, marking an increase of approximately 7,592% from its closing price in 2022.
Predicting Bitcoin’s Future
Altcoin Sherpa also shares insights on Bitcoin’s potential scenarios in the coming weeks. The analyst highlights two possibilities for BTC.
If Bitcoin breaks $32,000, Altcoin Sherpa expects it to reach $40,000 and provide clarity on its future trajectory. However, if the recent high is not surpassed, Altcoin Sherpa predicts a decline to the low $20,000s.
Currently, Bitcoin is valued at $28,524. A jump to $40,000 would represent an increase of approximately 40%.
Hot Take: Optimism for Altcoin and Bitcoin Performance
A crypto analyst known as Altcoin Sherpa has expressed positive sentiment towards the performance of Rollbit (RLB), a top-100 altcoin, and Bitcoin (BTC). Altcoin Sherpa believes that Rollbit will experience significant growth in the short term after a period of stagnation. The analyst predicts that the next resistance level for Rollbit will be around $0.20. In terms of Bitcoin, Altcoin Sherpa sees two possible scenarios. If BTC breaks $32,000, it could reach $40,000 and provide clarity on its future trajectory. However, if the recent high is not surpassed, Altcoin Sherpa expects a decline to the low $20,000s.
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