A widely followed cryptocurrency analyst and cryptocurrency leans optimistic about Bitcoin (BTC) in the midst of a recent correction.
The trader known in a pseudonym manner under the name of Sherpa said to his 246,700 subscribers on the X social media platform that Bitcoin is still in a “strong upward trend” despite the break in the level of support of $ 106,000.
According to the analyst and trader widely followed, Bitcoin is ready to “bounce” because there is a strong price support of $ 104,000.
Based on the Sherpa graphic over the four -hour period, Bitcoin could drop to just over $ 103,000, then exchange the side for a while in a consolidation area.
“Things seem correct for now, I would expect more poks in this area, but the more time spent here, the better in my opinion. You want to see a good low shape.”
Bitcoin is traded at $ 105,841 at the time of the editorial staff.
Turning to Popcat (Popcat), Sherpa says that the same, built in the Solana ecosystem (soil) is one of the altcoins which is in “dangerous territory”. Based on the Popcat Sherpa graph over the four -hour period, the same may break a crucial support zone after printed a high low decreased configuration.
“The pieces that were great before like Popcat could have made a lower summit and which could break the last hollow. I do not say that it will not bounce, but I am much more careful at the moment two weeks ago.”
Popcat is negotiated at $ 0.385 at the time of the editorial staff, down approximately 30% in last week.
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