A crypto trader says that crypto king Bitcoin (BTC) could surge to a new 2023 high before undergoing a correction.
Pseudonymous analyst Altcoin Sherpa says Bitcoin could go up by single-digit percentage points from current levels to $32,000.
According to Altcoin Sherpa, Bitcoin could thereafter potentially drop drastically after the modest rally.
“BTC: Looking like a grind here but the next big level is $32,000 in my opinion. Seems likely that goes there before any big move to the downside – probably a lot of liquidity up there to be collected.
Or this just breaks through $32,000 and continues to $40,000… not sure. Either way, $32,000 is coming in my opinion.”
Source: Altcoin Sherpa/Twitter
Turning to Ethereum (ETH) trading against BTC (ETH/BTC), Altcoin Sherpa says that Ethereum is likely set to fall against the flagship crypto asset and target the range low of around 0.05307000 BTC, or $1,614.
“ETH/BTC: This has chopped for two years, and I still think it’s going to the l
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