The wide -like crypto -analyst says that the future of bitcoins (BTC) remains unclear, as the markets continue to demonstrate increased volatility.
In the new branch, the altcoin Sherpa, the altcoin Sherpa, tells its 242 200 subscribers on the Social Networks platforms, that all results are possible for Crypto King, noting that the BTC will probably land somewhere from 75,000 to 100,000 dollars over the next week.
“This market is very volatile, and I think that we both can again send $ 100,000 or fall to $ 75,000 over the next week. All results are on the table, and it is better to remain in cash (ready for a monkey, if necessary). Do not leave the computer over the next few days. ”
According to the trader, the highest crypto -acting asset according to a higher urgent schedule of market capitalization does not give clarity in which direction he can go.
“BTC does not have much clarity at all on a higher time framework. Yes, he returned to the range and still above the 200-day EMA (exponential sliding average), but [I really don’t know] what’s happening. I would still like to see how to hold $ 89,000, and, in my opinion, all the options are on the table with tomorrow’s volatility. ”
Sherpa continues to note that traders should expect weeks or even, possibly, the months of the toppis, before Bitcoin takes another big step. Nevertheless, he says that BTC tends to surrender before finding the bottom, citing examples from previous cycles.
“Many people expect from BTC from 70,000 to 75,000 dollars, and I will not be surprised if these levels reach.
We don’t have to know whether we renounced and pass by AT (all the time), as we did in 2021, but we will play at the level to the level. In any case, we probably have weeks/months of outflow to go through it after it is done. ”
Bitcoin is trading at 89,957 dollars at the time of writing, which is 2.5% more per day.
Generated image: Dalle3
