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).
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.”
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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