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A widely followed crypto analyst is staying bullish on Bitcoin (BTC) while updating his outlook on layer-1 blockchain Aptos (APT) and one memecoin that has printed massive gains during the last 10 months.
In a new strategy session, crypto trader Altcoin Sherpa tells his 224,300 followers on the social media platform X that key metrics are pointing toward an upcoming bull market for the top crypto asset by market cap.
“BTC: should be a decent spot for a bounce. Close enough to the .50 [Fibonacci retracement level]. 200-day exponential moving average (EMA) + wick low. Still bullish until shown otherwise.”
Fibonacci retracement is a method of technical analysis that indicates potential points of support and resistance for an asset.
Bitcoin is trading for $62,251 at time of writing, a 2.4% gain during the last day.
Moving on smart contract platform Aptos, Sherpa says its chart looks good and that he’s looking to accumulate the asset near the $7.50 price tag.
“APT. Looking to buy at $7.50. Chart still looks decent [in my opinion].”
APT is trading for $8.42 at time of writing, a 4.52% gain during the last 24 hours.
Concluding his analysis with dog-themed meme asset dogwifhat (WIF) – which has seen a staggering gain of 166,566% since December – the analyst says that it could shoot the $3 price tag as long as the crypto king remains healthy.
“WIF retest happened, $3+ as long as BTC stays healthy.”
WIF is valued at $2.66 at time of writing, a 17% increase during the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised 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 the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/Sensvector
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