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Bitcoin (BTC) is lingering at $64,500, and altcoin gains have paused as BTC’s rise halts. Altcoin investors expect more gains while keeping an eye on the Bitcoin chart. Investors believe that as BTC starts to consolidate at higher levels, altcoin gains will multiply. So, what did the popular analyst say today?
Altcoin Heading to Zero
Popular cryptocurrency analyst Altcoin Sherpa cannot predict the future, but looking at different analysts’ opinions gives us new perspectives. Recently, due to the delay in the key opening, we see many accusations against the WLD Coin team of manipulation and fraud. The famous analyst did not stay behind.
“WLD will eventually fall to $0, but I’m not sure when. Still, this will be a perfect shorting opportunity.”
Although Worldcoin is in the spotlight for such reasons, it continues the day with a 9% increase, maintaining most of its gains above the $3 price level. Supported by the indispensable CEO of OpenAI, Sam Altman is trying to write a story about solving the “real identity detection problem in the AI world” for the initiative.
Bitcoin and Altcoin Predictions
The analyst examined the BTC price climbing to the mid-$60,000s by looking at previous support and resistance levels. He wrote three different scenarios and could not specify a clear direction. According to him, the king cryptocurrency has not yet definitively determined its direction.
“There are three different scenarios;
Drop to $63,000 / rise again.
Drop to $60,000 / rise again.
Some intermediate bounces and destructive dips below $60,000.
The most hopeful one is breaking this level without a pullback and going to $70,000.
If I were you, I wouldn’t rush into a position. I think we will see some kind of pullback soon (which is healthy and good). When people scream it’s over, dead, you can place your buy offers on the next big red day.”
The analyst predicts a drop to $0.00001057 for PEPE Coin, and the short-term bearish scenario does not promise good things for altcoins. Of course, he cannot see the future, and crypto is full of surprises. Every analyst has had situations where they were both right and wrong in the past.
