A popular crypto analyst, Altcoin Sherpa, shared his predictions for Bitcoin (BTC) and Aptos (APT), painting a picture of potential volatility.
Bitcoin’s Crucial Support Level
Sherpa warned that Bitcoin could dive to the $60,000 range if it fails to hold the $78,000 support level. However, he also suggested a potential path to recovery. If Bitcoin can reclaim the $90,000 mark, it might even retest its all-time high of around $109,000. Until then, though, he expects significant volatility. The current Bitcoin price is hovering around $82,757.
Aptos: A Potential Bottom?
Shifting focus to Aptos, Sherpa believes the altcoin might have hit its bottom after bouncing off the $4.80 level. He noted that several altcoins, including Aptos and ACT, have held relatively steady since early February despite market fluctuations. Currently, Aptos is trading at $5.12, down slightly.
The Bottom Line: Patience is Key
Sherpa’s analysis emphasizes the uncertainty in the crypto market. He advises investors to remain patient and expect continued volatility before clearer trends emerge. Remember, this is just one analyst’s opinion, and crypto investments are inherently risky. Always do your own research before investing.
