Trader Updates Outlook on Altcoin That’s Exploded 7,500%+ Year-to-Date, Says Bitcoin Could Soar by Double Digits – The Daily Hodl

A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) as well as a top-100 altcoin by market cap.

Pseudonymous crypto trader Altcoin Sherpa tells his 196,800 followers on the X social media platform that the crypto gambling platform Rollbit (RLB) is likely to perform “pretty well” over the short term.

According to Altcoin Sherpa, Rollbit is enjoying a resurgence in inflows after a “few weeks of stagnation”.

Based on a chart accompanying Altcoin Sherpa’s tweet, it appears the crypto trader foresees the level around $0.20 as the next resistance for Rollbit encounter after the $0.158 level was breached.

“RLB: $$ is coming on-chain after a few weeks of stagnation. I think that this one probably does pretty well as the leader of its sector in the short term.”

Source: Altcoin Sherpa/X

RLB is trading at $0.160 at time of writing, up by around 7,592% from the 2022 closing price of about $0.00208.

Turning to Bitcoin, Altcoin Sherpa says that BTC faces two possible scenarios over the coming weeks.

“BTC: The next high that we see is critical. Should see some clarity in the coming weeks.

Break $32,000, we go to $40,000

If this recent high was it, we’re going to low $20,000s in my opinion.”

Source: Altcoin Sherpa/X

BTC is worth $28,524 at time of writing and a jump to $40,000 would amount to an increase of approximately 40%.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE-3

Source link