Popular Crypto Trader Forecasts What’s Next for Bitcoin (BTC), ApeCoin (APE) and Two Ethereum-Based Altcoins

Popular Crypto Trader Forecasts What’s Next for Bitcoin (BTC), ApeCoin (APE) and Two Ethereum-Based Altcoins
Popular Crypto Trader Forecasts What’s Next for Bitcoin (BTC), ApeCoin (APE) and Two Ethereum-Based Altcoins

A widely followed crypto trader shares his outlook for Bitcoin (BTC), ApeCoin (APE) and two Ethereum (ETH)-based altcoins amid signs of potential recovery for the crypto market.

As Bitcoin continues to trade above its 200-day exponential moving average (EMA), Altcoin Sherpa tells his 180,700 Twitter followers that the leading virtual asset needs to hold to confirm an uptrend.

“BTC: I think this is a key level (this and $22,000) that needs to be held for a higher low to be considered. The last move bounced at .618, this is currently around the .50 level.”

Source: AltcoinSherpa/Twitter

He says that the Bored Ape Yacht Club (BAYC) associated crypto asset APE could rise to $9.00 depending on the price movement of Bitcoin and Ethereum. At the time of writing, APE is trading at $7.43.

“APE: If BTC and ETH stay stable, I think this continues to grind up to $9. I’m still in my position overall, but I’ve already taken some profit. In since the mid $5s.”

Source: AltcoinSherpa/Twitter

Altcoin Sherpa also shares his forecast for Optimism (OP) and Lido Dao (LDO), which peaked at $2.18 and $2.81 respectively this month. He says that the two altcoins are going to go down after the price increase. OP is currently trading at $1.86, while LDO is changing hands at $2.57.

“I think both LDO and OP are probably decent shorts, at least a hedge against all your spot holdings. High % chance these are much cheaper tokens in the medium/long term. Don’t buy here if you plan to hold for a while , in my opinion.”

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

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