A widely followed crypto trader is sharing his outlook for Bitcoin (BTC), ApeCoin (APE) and two Ethereum (ETH)-based altcoins amid signs of potential recovery for the crypto market.
As Bitcoin continues to trade above its 200-day exponential moving average (EMA), Altcoin Sherpa tells his 180,700 Twitter followers that the leading virtual asset needs to hold up to confirm an uptrend.
“BTC: I find this to be a key level (this and $22,000) that must be held for a higher low to be considered. The last move bounced at the .618, this one is currently around the .50 level.”
He says that the Bored Ape Yacht Club (BAYC)-affiliated crypto asset APE could surge to $9.00 depending on the price movement of Bitcoin and Ethereum. At time of writing, APE is trading for $7.43.
“APE: If BTC and ETH stay stable I think this continues to grind up to $9. I’m still in my position overall but I’ve already taken a bit of profit. In since the mid $5s.”
Altcoin Sherpa also shares his forecast for Optimism...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...