A closely watched crypto analyst and trader believes that Bitcoin (BTC) still has more gas in the tank despite its latest surge.
Pseudonymous analyst Altcoin Sherpa tells his 224,900 followers on social media platform
According to the trader, he expects the latest surge to bring Bitcoin close to $70,000.
“BTC time at $68,000+.
Liquidity has dropped below that recent low, let’s see if we can hit the highs.
Then? no idea. But still bullish until proven otherwise.”
At the time of writing, Bitcoin is trading at $65,942, up more than 5% on the day.
Looking at the Artificial Superintelligence Alliance (FET) native assets, the analyst says that while he is bullish on the altcoin, he thinks it is likely to trade sideways in the coming days.
“FET pretty neutral price action, wouldn’t be surprised if it cools off and does nothing in the coming days. Still think AI (artificial intelligence) is a good category, but TAO is a better vehicle to trade in my opinion. But I am still optimistic about the FET.”
At the time of writing, FET is worth $1.51.
As for dogwifhat (WIF), the trader predicts an increase of almost 25% for the memecoin.
“WIF Soon $3.50, as long as BTC remains stable.”
At the time of writing, WIF is worth $2.81.
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Generated image: Midjourney