Popular Analyst Warns Down For Bitcoin And This Altcoin While Investors Expect Rise!

bitcoinWhile awaiting data from the USA today in BTC It went up to $27,240. However, it fell back to $27.70 levels.

As investors wait for BTC to rise now Altcoin Sherpa A bearish warning came from the cryptocurrency analyst using his nickname.

Bitcoin and Ethereum (ETH) rival Solana (SOL) He warned of a decline in the short term.

Sharing on his Twitter account, the analyst stated that Solana may decrease by more than 30% from its current value.

Saying that Solana’s volume carries a great risk of collapse, the analyst said, LEFT Looking at the chart, the next high volume support level to the downside is the $14 to $15 range last seen in January.

“SOL’s daily EMAs (exponential moving averages) are all good but actually at a scary point.

If Solana breaks below the current zone, I think SOL price will likely drop to the $14-15 zone.

As of now I don’t see the graph of SOL well. But in the long run I expect SOL to rise and be a good investment given its strong community.”

Altcoin Sherpa comes in second bitcoinHe examined . Expecting a drop in BTC, as in Sola, the analyst said that BTC is on the verge of falling to at least $25,000, or even $23,000.

“My update on BTC price: I still think there are too many factors for $25,000 not to come. However, I expect the low to form in BTC.

Past lows were a jolt to start this decline.

I predict that the momentum of breaking the support levels will cause Bitcoin to drop below $25,000 or even $23,000 before retracing the $25,000 level as support.

At this point, we will wait and see whether $25,000 or $23,000 will come as the bottom of Bitcoin.”

BTC At the time of writing, it continues to trade at $ 27,068.

*Not investment advice.