Altcoin Sherpa, one of the popular analysts of the cryptocurrency world, expressed his optimistic views on Bitcoin reaching its historical peak (ATH). According to Sherpa, it is now only a matter of time before Bitcoin reaches the ATH level.
Bitcoin is the leading star of the cryptocurrency world and is considered the most popular digital asset. Bitcoin, which has experienced many ups and downs throughout its history, continues to attract the attention of analysts and investors. As of now, the leading cryptocurrency is trading at $26,880 and many are predicting that this cryptocurrency will reach its all-time high (ATH) again. predicts.
Analyst Altcoin Sherpa also shares this optimism and believes Bitcoin will eventually reach the ATH level. According to Sherpa, Bitcoin will rise to its historical peak of $69,000. This represents a large increase compared to its current value, requiring an increase of approximately 150%.
“Don’t get lost in the low time frame charts and dry noise.
The move from BTC to ATH is inevitable, don’t fight it.”
Apart from the leading cryptocurrency, the popular analyst also closely follows several altcoins. One of these altcoins is Chainlink (LINK). The analyst thinks that LINK has remained in an accumulation range for more than 500 days, but predicts that LINK will eventually break out.
“LINK: More than 500 days in the period of accumulation and sideways movement. This will fly one day. In my opinion the best way to trade this (for most traders):
DCA (dollar cost average) $5-$7 (I know it’s a huge range)
Stay above this for as long as it takes and wait for the range to break
Initial bids could be closer to $6.80.”
Finally, the trader claimed that the popular altcoin Avalanche (AVAX) will likely rise more than 14% from its current value in the medium term.
“AVAX: I think this is a buy the dip situation:
Stars Arena is coming back/hack money brought back.
Local S/R (support/resistance) area, this is near the origin.
“We expect to rise above $10 again in the medium term.”
Looking at the chart, the crypto analyst seems to believe that AVAX will encounter resistance at $9.79, decline slightly, and then rise to $10.50.
You can follow the current price movement here.