- A popular crypto analyst and trader, who is closely followed by the community and known for keeping his predictions, has given his opinion on three crypto assets amid the volatility in the markets. shared.
Starting with the flagship crypto asset, the analyst nicknamed Altcoin Sherpa has 181,600 Twitter followers. Bitcoin (BTC) He says it has formed a short-term bottom just below the $21,000 level.
According to the trader, the price of Bitcoin could rise more than 5 percent from its current level.
“BTC: Nothing has changed in general; I believe this is still a short term bottom and a climb to $23,000 is expected. While running to the lows is possible, I don’t expect high timeframe closes at the $20,000 lows. I’m still waiting for more, but I have no idea what will happen next.”
Bitcoin is trading at $21,581 at the time of writing.
Dogecoin (DOGE)
Next on the analyst’s list is the largest meme cryptocurrency by market cap. Dogecoin (DOGE) exists. Altcoin Sherpa says that Dogecoin currently lacks a clear sense of direction after moving from a three-month high of around $0.09 to the $0.058-$0.077 range.
“DOGE: This is back in range; not even the leader (this time it was SHIB). There is no clear trend here in the short term, I was a little disappointed about it (I expected it to be a little stronger).”
Chiliz (CHZ)
Altcoin Sherpa analyzes its analysis, the native cryptocurrency of sports fan engagement platform Socios.com. Chiliz (CHZ) ends with.
The crypto analyst said that after Chiliz has increased by triple digits over the past 30 days, it could rise about 40 percent more from current levels.
“CHZ: Congratulations to everyone who invested in this, I would rather collect some profits from here. If it breaks this level, this altcoin may continue to $ 0.33, but there are too many levels to cross.”
In a 30-day period, Chiliz has seen a 133% increase from a low of $0.1020 recorded on July 27 to a high of $0.238 at the time of writing.
You can follow the current price action 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.