Leading cryptocurrency Bitcoin (BTC), suddenly, it resurfaced above $ 42,000 and energized the market. of BTC $44,000 Reaching the level above the critical $44,000 and $46,000 resistances. So what will be the latest situation for BTC and altcoins?
“The Last Drop For BTC On The Agenda”
Things seem to get much clearer if BTC, which has gained 5% in 24 hours, closes daily above $ 44,000. Because closings above $ 44,000 can completely eliminate the risk of decline for now.
However, the popular crypto analyst who warned of the decline Altcoin Sherpa, Expressing that it is necessary to be ready for one more shock after the macro lows, he repeated his expectation for a decrease.
Despite this, the analyst stated that everything looks good and emphasized that even after the decline, an increase can be experienced. According to the analyst, in 2018 $6,000 to $3,000 A similar fall will be the final tremor.
$BTC: Things are looking good rn but I still think we are going to wait for one last shakeout before this macro bottoms. I don’t know where it will be but this would make sense to me. #Bitcoin pic.twitter.com/Vy06dbkehO
— Altcoin Sherpa (@AltcoinSherpa) February 7, 2022
For BTC to experience this, it could be a disaster scenario for altcoins. Despite this, altcoin investors are also starting to smile at the moment.
Among the top 10, XRP leads the way in bullishness. Rising 18% in 24 hours, XRP broke the $0.77 resistance. XRP’s next target will be $0.91.
Ethereum (ETH) The price is also moving towards the $3,200 resistance and it would break $3,200. SOL, MATIC, BNB, ADA and DOT It may offer a new opportunity for growth.
Cryptocurrency that marked the Top 20 Shiba Inu (SHIB) it happened. Having gained 41%, SHIB caught all eyes and managed to stay above the $0.00003 level again.