Cryptocurrency sector survived the Federal Reserve earthquake with minor injuries and abrasions for the time being. Fed Chairman After the interest rate decision announced by BTC It’s back in recovery mode, but the panic may not be over.
Latest Status for BTC and APE
Having gained a place in the industry as an altcoin expert, Altcoin Sherpa, He published his own opinion on the subject. Stating that he is still “bullish” at the moment, the analyst emphasized that there will be a danger if the levels of $ 36,000 to $ 37,000 are lost despite this. The analyst emphasized that although he reminded that each of these downward movements continued with an upward trend, the risk continued.
$BTC: Although I’m still cautiously bullish until we lose 36-37k on HTF charts, it’s important to note that every single 1 of these moves has quickly retraced. A few observations, though… #Bitcoin pic.twitter.com/TSDcqLHItb
— Altcoin Sherpa (@AltcoinSherpa) May 5, 2022
Sherpa reminded that there were great movements in February and March, but subsequent increases were observed. analyst still 50,000 to $55,000 He has expectations among them and conveys that the decline will come only after this point.
Sherpa, besides this, is what everyone has been talking about lately. altcoin He also said something about sherpa, ApeCoin (APE) studied the graph. Stating that he saw 2 results in this chart, the analyst emphasized that the first one was a V-shaped return. According to the analyst, with the realization of this, the price 19-20 dollars can see the band. The second option is horizontal for a while at the $15-17 level and then a more sustainable rise. The analyst’s prediction was in favor of the first move.
In such a case, the analyst, who was waiting for the APE price to rise above $19, gave a very good signal. Of course, for this, BTC also needs to be allowed.
$APE: There are 2 outcomes here IMO: 1 is a V shaped reversal to the 19-20s and price dumps big after. The second is a longer sustainable HTF bottom where price chops between 15-17 for a while and then we see a more sustained move. I’m leaning more towards the first one. #APECOIN pic.twitter.com/lnLFfpj33a
— Altcoin Sherpa (@AltcoinSherpa) May 5, 2022