A widely followed crypto analyst is staying bullish on Bitcoin (BTC) while updating his outlook on layer-1 blockchain Aptos (APT) and one memecoin that has printed massive gains during the last 10 months.
In a new strategy session, crypto trader Altcoin Sherpa tells his 224,300 followers on the social media platform X that key metrics are pointing toward an upcoming bull market for the top crypto asset by market cap.
“BTC: should be a decent spot for a bounce. Close enough to the .50 [Fibonacci retracement level]. 200-day exponential moving average (EMA) + wick low. Still bullish until shown otherwise.”
Fibonacci retracement is a method of technical analysis that indicates potential points of support and resistance for an asset.
Bitcoin is trading for $62,251 at time of writing, a 2.4% gain during the last day.
Moving on to smart contract platform Aptos, Sherpa says its chart looks good and that he’s looking to accumulate the asset near the $7.50 price tag.
“APT. Looking to buy at $7.50. Chart still looks decent [in my opinion].”
APT is trading for $8.42 at time of writing, a 4.52% gain during the last 24 hours.
Concluding his analysis with dog-themed meme asset dogwifhat (WIF) – which has seen a staggering gain of 166,566% since December – the analyst says that it could shoot the $3 price tag as long as the crypto king remains healthy.
“WIF retest happened, $3+ as long as BTC stays healthy.”
WIF is valued at $2.66 at time of writing, a 17% increase during the last 24 hours.
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Featured Image: Shutterstock/Tithi Luadthong/Sensvector