A generally followed cryptocurrency analyst and trader leans Bullish on Bitcoin (BTC) in the midst of a recent correction.
The trader Pseudonym known as Sherpa tells His 246,700 followers on the social media platform X that Bitcoin is still in a “strong bullish trend”, despite the fact that he breaks under the support level of $ 106,000.
According to the generally followed analyst and trader, Bitcoin is ready to “bounce” because there is strong support at approximately the price level of $ 104,000.
Based On the Sherpa graph on the four -hour period, Bitcoin could fall lower to just over $ 103,000 and then exchange sideways in a consolidation zone for a while.
“It looks good now, I would expect more poking around this area, but the longer time spent here, the better in my opinion. You want to see a good low form.”
Bitcoin acts at $ 105,841 at the time of writing.
Turning to Popcat (Popcat), Sherpa out The Memecoin built in the Solana (SOL) ecosystem is one of the altcoins that is located in ‘Dangerous Territory’. Based on the Sherpa graph on the four -hour period, the memecoin runs the risk of breaking a crucial support area after printing a bearish lower high arrangement.
“Coins that were previously great, as Popcat might have just made a lower high and could break this last low point. I am not saying it won’t bounce, but I am now much more careful than two weeks ago.”
Popcat acts at $ 0.385 at the time of writing, with around 30% in the past week.
Follow us on X” Facebook And Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: midjourney