A popular crypto analyst, known as Altcoin Sherpa, has issued a warning about Bitcoin’s potential future. He believes that if Bitcoin fails to break through a key resistance level, it could plummet below $50,000.
Bitcoin’s Fork in the Road
Sherpa sees two possible scenarios for Bitcoin:
- Breakthrough: If Bitcoin manages to break through the current resistance level, it could soar past $70,000.
- Crash: If Bitcoin fails to break through, it could fall to the low $40,000s, with potential bounces along the way.
He’s keeping a close eye on Bitcoin’s recent price action, as a lower high could signal a downward trend.
Sui and Helium: A Brighter Outlook
While Sherpa is cautious about Bitcoin, he’s more optimistic about the future of Sui and Helium.
Sui (SUI): Sherpa sees potential in Sui, a smart contract platform, particularly on shorter timeframes. He believes the $0.91-$0.86 range could be a good buying opportunity.
Helium (HNT):
Disclaimer: This information is for general knowledge and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
