Crypto Trader Says Bitcoin (BTC) on the Cusp of Reaching ‘Next Big Level’
• Crypto trader Altcoin Sherpa says that crypto king Bitcoin (BTC) could surge to a new 2023 high before undergoing a correction.
• Analyst suggests BTC could go up by single-digit percentage points from current levels to $32,000.
• Ethereum (ETH) trading against BTC (ETH/BTC), according to Altcoin Sherpa, could fall against the flagship crypto asset and target the range low of around 0.05307000 BTC, or $1,614.
Bitcoin Prediction
Pseudonymous analyst Altcoin Sherpa believes that Bitcoin is on the cusp of reaching its “next big level” at $32,000. If it reaches this then it may potentially drop drastically after the modest rally. The trader commented: “Looking like a grind here but the next big level is $32,000 in my opinion. Seems likely that goes there before any big move to the downside – probably a lot of liquidity up there to be collected. Or this just breaks through $32,000 and continues to $40,000… not sure. Either way, $32,000 is coming in my opinion.”
Ethereum Trading
Altcoin Sherpa also believes that Ethereum (ETH) trading against BTC (ETH/BTC), could fall against the flagship crypto asset and target the range low of around 0.05307000 BTC, or $1,614: “This has chopped for two years and I still think it’s going to the lows… ETH/BTC is a good macro indicator for altcoins and as long as this one does poorly altcoins probably do as well (as a whole).”
Pepe Memecoin Prediction
The pseudonymous analyst also shared his thoughts about Pepe memecoin predicting that PEPE could surge by nearly 45% from around $0.00000162 to $0.000002348 before cooling off: “I still am exposed to this one and there’s nothing but hot air above this level… I still think it goes to the 0.50 Fibonacci level at a minimum before this current run is over and I’ll be taking profit around there.”
Disclaimer
It should be noted that The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets; nor is The Daily Hodl an investment advisor . Investors should always do their due diligence before making any high-risk investments in Bitcoin , cryptocurrency or digital assets .
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