CandleFocus Trader Forecasts 20% Bitcoin Fall, Updates Outlook on Solana Rival That ‘Still Looks Good’ and One More Altcoin
2024-09-07
Author: Content Editor
The cryptocurrency analyst known as Sherpa predicts that Bitcoin will drop to a price of $45,000, which is around a 20% decrease from its current level. Sherpa believes that this level is a key support zone based on technical analysis. In terms of altcoins, Sherpa sees potential in Sui (SUI) for short-term trading, although he warns against holding it long-term due to upcoming token unlocks. Lastly, Sherpa expects Bittensor (TAO) to trade within a range before eventually breaking out to the upside and potentially revisiting a support zone around $200.
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