We are about to leave behind a very active week in the crypto market, especially Bitcoin. The market has recently offered significant opportunities that have attracted the attention of many investors. Analyst Altcoin Sherpa claimed that in this exciting world, Rollbit (RLB) could perform quite well in the short term.
Altcoin Sherpa stated that Rollbit has started to move again after a few weeks of stagnation. Rollbit has been quiet for a long time with relatively low trading volumes and price fluctuations, but has recently started to show signs of activity.
The critical level for RLB is valued at $0.158. This level represents a point where the resistance point has been breached and Altcoin Sherpa believes that Rollbit could gain a possible upward momentum once this level is breached. A break of this type of resistance can create a positive impact on investors and pave the way for new entries.
Your analyst shared According to the chart, it can be seen that Rollbit’s next resistance level after $0.158 may be around $0.20.
“RLB: on-chain activity is coming after a few weeks of stagnation. “I think it will perform very well as the leader of its sector in the short term.”
Apart from RLB, the analyst also examined the leading cryptocurrency Bitcoin. According to Altcoin Sherpa, as uncertainty continues for BTC, two possible scenarios come to the fore:
“BTC: The next high we see is critical.
We will see some clarity in the coming weeks. If we break $32,000, we go to $40,000
“If that’s the recent high, I think we’ll drop to $20,000.”
The leading cryptocurrency is trading at $29,744 at press time, and a jump to $40,000 would represent an increase of approximately 34%.
You can follow the current price movement here.