Bitcoin to Hit $100,000, Says Analyst

A popular cryptocurrency trader, known as Altcoin Sherpa, is predicting big things for Bitcoin. He believes that Bitcoin is on track to reach $100,000, despite some bumps along the way.

“Don’t get discouraged and sell your Bitcoin,” he advises his followers. “The path to $100,000 is already set.”

Bitcoin is currently trading at around $66,000, with strong support at $63,800 to $65,000. This is where several important moving averages are clustered, suggesting that the price is likely to hold steady in this range.

Memecoin Predictions

Altcoin Sherpa also shared his thoughts on a couple of memecoins built on the Solana blockchain.

Popcat (POPCAT)
, a feline-themed memecoin, has seen a massive surge in price this year, gaining over 18,000% since January. However, the analyst believes that POPCAT might be heading for a short-term correction. He suggests that the coin needs to break above $0.724 to avoid falling further.

Dogwifhat (WIF)
, another Solana-based memecoin, is looking “pretty good” for now, according to Altcoin Sherpa. He recommends buying WIF between $2.10 and $2.30 for short-term trading opportunities.

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before investing in any cryptocurrency.
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