The cryptocurrency market is trying to regain momentum after a falter. Leading cryptocurrency Bitcoin successfully exceeded 43 thousand dollars. Many altcoins are showing similar or stronger performance. In the midst of these developments, an analyst with a wide following announced his Bitcoin predictions. The analyst also named 2 tokens for long-term investment.
Analyst is bullish on Bitcoin in the long term
cryptokoin.comAs you follow from , the market has gained a new upward momentum. However, it is unclear whether he can maintain this. This uncertainty causes indecision among investors. Are prices and timings available for entry? Investors are looking for the answer to this question. The popular analyst nicknamed Altcoin Sherpa shared his latest market predictions. The analyst agrees that BTC will reach $45,000 in a short time. However, he points out that despite this, the current price may not be a good entry. In this context, the analyst makes the following statement:
BTC: I’m not buying here right now, but I’ll continue to observe. I think the price is still extremely bullish on the higher time frames. But this is not the place to open a new position IMO. If we break this current area, I think we can easily test $45k.
Meanwhile, Bitcoin was trading at $43,373 at the time of writing, up 2.5% on a daily basis. Additionally, the leading cryptocurrency recorded a 10.8% increase on its weekly chart.
According to the analyst, FET is not for trading, it is an investment!
Altcoin Sherpa’s view on Fetch.ai (FET) is slightly different from Bitcoin’s. However, the analyst agrees that the artificial intelligence-based token does not provide a good buying opportunity in the short term. According to the analyst, FET is an investment rather than a token to be traded. He expresses his views on this subject as follows:
FET: This graph is not clear to me at all. Grinding down to a high volume node area; probably not a buy in this current space. However, I think it will go much higher in the coming months. It’s not a great trade, it’s more of an investment.
Meanwhile, FET was trading at $0.6227 at the time of writing, up 3% on a daily basis. The token increased by 12.5% on its weekly chart.
Altcoin Sherpa: I have BLUR in my bag and my decision is HODL!
Finally, the analyst looks at BLUR, the native token of NFT marketplace Blur. Altcoin Sherpa admits to HODLing the token. He also says that NFT fundamentals and having some of its supply locked make it a potential bullish cryptocurrency. Thus, it also discloses the reasons for the HODL decision. In this regard, the analyst shares the following assessment:
BLUR is a go-to bag of mine and I plan to keep it for a reasonable amount of time. I think NFT is a great bet for the infrastructure space and BLAST farming is just the cherry on top in terms of locking in the overall supply. BLUR is a bullish cryptocurrency. Try to wait for $0.60 or lower to enter.
However, Sherpa states that entries for BLUR should be around $0.60. BLUR’s price during his mourning rose to $0.67. Therefore, according to the analyst, investors who plan to hold the token for the long term should expect a pullback.
The opinions and predictions in the article belong to the analyst and are not strictly investment advice. We strongly recommend that you do your own research before investing.
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