The highly acclaimed crypto analyst remains bullish on Bitcoin (BTC) while updating his views on the Aptos Layer 1 blockchain (APT) and one memcoin that has seen massive growth over the past 10 months.
In a new strategy session, crypto trader Altcoin Sherpa tells its 224,300 followers on social media platform X that key indicators point to an upcoming bull market for the largest crypto asset by market cap.
“BTC: should be a good point for a rebound. Close enough to .50 [Fibonacci retracement level]. 200-day exponential moving average (EMA) + wick low. Remains optimistic until shown otherwise.”
Fibonacci retracement is a technical analysis technique that identifies potential support and resistance points for an asset.
At the time of writing, Bitcoin is trading at $62,251, up 2.4% from the last day.
Moving on to smart contract platform Aptos, Sherpa says its chart looks good and that he hopes to accumulate the asset at around $7.50.
“APT. I want to buy it for $7.50. The graph still looks decent [in my opinion]”
At the time of writing, APT is trading at $8.42, up 4.52% in the last 24 hours.
Rounding out his analysis of the dog-themed asset Dogwifhat (WIF), which has seen a staggering 166.566% gain since December, the analyst says it could reach a price of $3 as long as the crypto king remains healthy.
“WIF retested, $3+ price while BTC remains healthy.”
At the time of writing, WIF is valued at $2.66, up 17% in the last 24 hours.
