A prominent crypto trader, Altcoin Sherpa, predicts that Bitcoin (BTC) could reach $100,000 or more later this year, representing a potential gain of at least 48%.
Price Range and Indicators
Altcoin Sherpa believes Bitcoin is currently trading within a range of $56,000 to $73,600. He suggests that the 200 exponential moving average (EMA) on Bitcoin’s four-hour timeframe will serve as a key indicator for price direction.
Altcoin Correlation
Altcoin Sherpa expects altcoins to follow Bitcoin’s price action. He believes that strong altcoins will experience a significant surge once Bitcoin breaks its all-time high.
Timeline
Altcoin Sherpa estimates that Bitcoin could reach $100,000 within the next six months. However, he emphasizes that the exact timing is uncertain.
Disclaimer
The views expressed in this article are not investment advice. Investors should conduct their own research before making any investments in Bitcoin or other cryptocurrencies.
