Top Crypto Trader Predicts Huge Profits for Bitcoin (BTC) and Ethereum (ETH) – But There’s a Catch – The Daily Hoddle

A prominent crypto analyst thinks that both Bitcoin (BTC) and Ethereum (ETH) could sustain their recent momentum and move higher.

A fake crypto trader known as Altcoin Sherpa told his 182,800 Twitter followers that Bitcoin could rise 8% if it recently reached $21,700.

“Squeezing came. It reached $21,000. If you bought yesterday/last few days, I think it’s good to take profit. This is the resistance area and the 200 exponential moving average on the 4-hours.” [chart]. If this goes up, I like around $23,000 (and originally $21,700).”

Source: Altcoin Sherpa / Twitter

BTC is trading at $21,300 at the time of writing. The top-tier crypto asset has risen more than 10% in market value in the last 24 hours.

Still, Altcoin Sherpa does not think that BTC will witness a double-digit profit It encourages. Traders should not be overly aggressive.

“Play this level by level. Don’t expect 10%+ moves in general. Take profits and be patient. I doubt this is the bottom of the whole macro.”

Looking at the analyst Ethereum He thinks ETH looks better than Bitcoin.

I think this formed a good bottom and the market structure on the lower time frames still looks broken. If the highs are cleared (watch out for a double high in the short term) $2,500 could come.

Fig
Source: Altcoin Sherpa/Twitter

With ETH trading at $1,716 at the time of writing, $2,500 represents an increase of over 45%. The second largest crypto asset by market cap is up more than 5% in the last 24 hours.

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Disclaimer: The opinions expressed in The Daily Hoddle do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hoddle participates in affiliate marketing.

Featured Image: Shutterstock/Bruce Rolff

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