A widely followed cryptocurrency analyst and trader has revealed that he expects three digital assets to rise, including Bitcoin (BTC) and a promising Ethereum (ETH) competitor.
The aliased trader Altcoin Sherpa has 173,800 Twitter followers, starting with Bitcoin, his predictions. reported. The analyst said he believes BTC will rise close to 40% as the leading cryptocurrency continues to show bullish market structure in the higher timeframe.
“BTC: I still believe that Bitcoin has bottomed out and we will see a move to around $55,000. Altcoins are likely to follow BTC. This is still technically a high timeframe bull market structure (with higher highs and higher lows).”
The next altcoin on the analyst’s list is Near Protocol (NEAR), a developer-focused blockchain designed for scalability and stability. Altcoin Sherpa believes that its Ethereum rival will surpass its all-time high in the coming weeks.
“NEAR: I’m still on that and I think we’re going to break our all-time high in the next few weeks.”
Altcoin Sherpa also follows closely the FTX Token (FTT), the utility token of the FTX cryptocurrency exchange. The crypto trader says that FTT has “solid” upside potential after months of trading in a wide range.
“FTT: As much as I love to denigrate this coin, it has floundered for five months and is incredibly stuck. I think it looks pretty solid as a slower trade.”
You can check the price movements here.
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.