Opinion of the popular analyst Altcoin Sherpa | Bitcoin 28000$Crypto Trader Says Bitcoin Flashing Bullish Signal, Updates Ethereum, Solana and Optimism Forecasts.
Hello friends, today I want to share with you the opinion of one polar analyst Altcoin Sherpa, he shared his point of view, what will happen in the near future in the cryptocurrency market! In his opinion, in the short term, Bitcoin is intuitively perceived as $28,000. He also gave analytics for the ETH / USDT pair, ETHUSDT SOLANA and the altcoin OPUSDT. Attached Altcoin Sherp graphics for general distribution, As long as the market moves in the way that the Altcoin Sherp analyst said. Like and write your comments if you are with his opinion or not?
Let's start.
A popular analyst updates price targets for four crypto assets as markets try to end the week in positive territory.
A pseudonymous trader known as Altcoin Sherpa tells his 180,800 Twitter followers that while he expects Bitcoin (BTC) to return to $28,000 in the not-too-distant future, a brief spike above $24,500 on July 30 has not convinced him. that BTC is witnessing a strong uptrend in the short term.
“I remain of the opinion that we are heading towards $28,000 medium term, but would like to see more swings around $23,000-$22,000 to form a significant low. To be honest, the last high of $24,700 was not very convincing, but in my opinion, this is still a bullish market structure.”
The analyst believes that Bitcoin could rise if it finds a higher low in the $22,000 to $23,000 range, although he expects Ethereum (ETH) to break out before BTC.
“I would like a higher low to be set in the $22,000-23,000 area, this is still bullish on the long charts until shown otherwise.
Still looking closely at ETH, I think it's leading."
At the time of writing, Bitcoin is valued at $22,919.
Next on the radar's radar is the Solana (SOL) smart contract platform. Altcoin Sherpa says it has been sitting on the sidelines and expects further up and down movement in the $32 and $47 range.
“It seems really unclear to me, I have not taken any active positions for Solana for some time now.
A lower high is followed by a higher low, expecting an overall greater return.”
Below is an example on a Solana chart
Solana has also seen a slow decline from the market-wide rally that peaked last Saturday, although SOL has managed to climb 2.08% in the past 24 hours and change hands at $40.39.
Moving on to leading smart contract platform Ethereum, the analyst sees a bright spot for investors who have lost money against the US dollar (USD), noting that ETH looks strong against BTC.
“You may be in bad USD positions, but ETH/BTC is really strong.
Very interesting price behavior in the medium term; I think there are some arguments in favor of not holding BTC in the future.”
Below is a hello example of an ETH/BTC chart
At the time of writing, Ethereum is trading at $1,731.
The latest is Optimism (OP), a layer 2 scaling solution for Ethereum. The crypto strategist says that after the altcoin has experienced significant gains over the past few weeks, he plans to go short OP to hedge against his other more aggressive crypto investments.
"Shorting this as a hedge for my other stuff."
OPUSD Chart Example
