A closely followed analyst and trader in the crypto world, bitcoinof (BTC) gathered all the attention and warned investors that he would delay the arrival of the altcoin season.
Altcoin Sherpa The analyst, known by the nickname, shared on his Twitter account with more than 140,000 followers that he thinks altcoins will perform as well as they expect in the near future due to the uptrend of BTC.
“Watch how altcoin/BTC pairs drop when Bitcoin makes a move, more to come!”
According to the analyst, BTC has now formed a high bottom around $60,000 and he expects BTC to eventually rise sharply, although a short pullback is likely.
Analyst, altcoinHe believes that the time to shine will come, but he thinks that it will only happen after BTC recovers and its effects wear off. Analyst bitcoinHe reinforced his analysis by citing altcoin movements in the period when ‘s increased from $ 10.00 to $ 30,000.
EthereumAlso reviewing Altcoin Sherpa, ETHHe stated that he expects . The analyst also added that ETH could experience a parabolic rise in the first quarter of 2022.
Smart contract platform Solana (SOL) The analyst, who also shares his views on the subject, expects SOL to continue its rise. On the other hand, he believes that SOL will also remain “lifeless” against BTC.
“LEFT: I think Solana will underperform BTC in the coming weeks when BTC really starts to move. The USD pair should still continue strongly.”
Bitcoin is currently trading around $66,000, according to current data.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.