Analysts predict Bitcoin will rise sharply - latest cryptocurrency news
Recently, cryptocurrency analyst Sherpa analyzed Bitcoin (BTC) and several altcoins for more than 220,000 followers on social media X. He said that Bitcoin is now under great price pressure because several key moving averages are squeezed together on the daily chart.
Is Bitcoin about to usher in a big move?
Sherpa thinks that Bitcoin is likely to rise sharply, and the current price is about $62,150. He said confidently: "The big market is coming, and it is likely to rise."
What about the altcoin Sui (Sui)?
Sherpa said that Sui's recent price increase was "a bit crazy", but warned that the supply may increase in the future. He said that although this looks like a good opportunity to trade, long-term investment must be cautious because of supply issues.
Bitcoin looks like it will rise.
Sui is OK for short-term trading, but long-term holding is risky.
Aptos made money in the short term, but it is uncertain how it will perform in the long term.
The characteristic layer (which may refer to a certain cryptocurrency or technology) needs to be watched again, and we will take action after it breaks through.
Sherpa's analysis tells us that there are many short-term trading opportunities for Bitcoin and some selected altcoins. But he also reminds traders that the market is volatile and they need to study it carefully before making decisions.
The cryptocurrency market changes quickly. To cope with these fluctuations, it is important to stay vigilant and learn more about information.
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