A closely followed crypto analyst and trader believes that Bitcoin (BTC) has more gas left in the tank despite its latest surge.
Pseudonymous analyst Altcoin Sherpa tells his 224,900 followers on the social media platform X that he’s bullish on Bitcoin after reclaiming support at around $60,000.
According to the trader, he expects the latest surge to take Bitcoin close to $70,000.
“BTC time for $68,000+.
Liquidity got taken out below that recent wick low, let’s see if we can get the highs.
After that? no clue. But still bullish until shown otherwise.”
At time of writing, Bitcoin is trading for $65,942, up over 5% on the day.
Looking at the native asset of the Artificial Superintelligence Alliance (FET), the analyst says that while he’s bullish on the altcoin, he thinks it will likely trade sideways in the coming days.
“FET pretty neutral price action, wouldn’t be surprised to see this chill out for the next few days and do nothing. Still think AI (artificial intelligence) is a good category but TAO is a better vehicle to trade in my opinion. Still bullish on FET though.”
At time of writing, FET is worth $1.51.
As for dogwifhat (WIF), the trader predicts a nearly 25% surge for the memecoin.
“WIF $3.50 soon as long as BTC stays stable.”
At time of writing, WIF is worth $2.81.
Generated Image: Midjourney