A widely followed crypto analyst remains bullish on Bitcoin (BTC) as he updates his view on layer-1 blockchain Aptos (APT) and a memecoin that has seen massive gains over the past ten months.
In a new strategy session, crypto trader Altcoin Sherpa tells According to his 224,300 followers on the social media platform
“BTC: should be a good place for a jump. Close enough to .50 [Fibonacci retracement level]. 200-day exponential moving average (EMA) + wick low. Still bullish until proven otherwise.”
Fibonacci retracement is a method of technical analysis that indicates potential support and resistance points for an asset.
Bitcoin is trading at $62,251 at the time of writing, a gain of 2.4% over the last day.
We continue with smart contract platform Aptos, Sherpa say the chart looks good and he wants to collect the asset near the $7.50 price tag.
“APT. Want to buy for €7.50. Graphics still look reasonable [in my opinion].”
APT is trading at $8.42 at the time of writing, a gain of 4.52% over the last 24 hours.
Concluding his analysis with the dog-themed meme asset dogwifhat (WIF) – which has posted a staggering 166,566% gain since December – say that it could reach the $3 price tag as long as the crypto king remains healthy.
“WIF retest occurred, $3+ as long as BTC remains healthy.”
WIF is valued at $2.66 at the time of writing, up 17% over the last 24 hours.
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Featured image: Shutterstock/Tithi Luadthong/Sensvector