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Top Crypto Trader Predicts Sizeable Gains for Bitcoin (BTC) and Ethereum (ETH) – But There’s a Catch

Top Crypto Trader Predicts Sizeable Gains for Bitcoin (BTC) and Ethereum (ETH) – But There’s a Catch

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A popular crypto analyst believes that both Bitcoin (BTC) and Ethereum (ETH) could take advantage of their recent momentum and move even higher.

A pseudonymous Altcoin Sherpa trader tells his 182,800 Twitter followers that Bitcoin could soon rise another 8% if it hits $21,700.

“Push came. $21,000 hit. I think it’s best to take profit if you bought yesterday/last few days. this is the resistance area and 200 exponential moving average in 4 hours [chart]. If this goes higher, I like the $23,000 range (and $21,700 first).

Source: Altcoin Sherpa/Twitter

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

Still, Altcoin Sherpa doesn’t believe that BTC will witness double-digit gains and encourages traders to avoid becoming too bullish.

“Play this level to level. Don’t expect more than 10% move. Take profit and be patient. I suspect this is the general bottom of the macro.”

Let’s look at analyst Ethereum thinks ETH looks better than Bitcoin.

“In my opinion, this formed a decent base and the market structure in the lower timeframes still seems to be rising. If the highs clear (watch out for a double top in the short term), $2,500 could come.”

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Source: Altcoin Sherpa/Twitter

With ETH trading at $1,716 at the time of writing, $2,500 would represent an increase of over 45%. The second-largest crypto-asset by market capitalization has risen more than 5% in the past 24 hours.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trades are at your own risk, and any losses are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/Bruce Rolff



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