Trader Updates Outlook on Altcoin Soared 7,500%+ Year-to-Date, Says Bitcoin Could Jump by Double Digits
A widely followed cryptocurrency analyst is bullish on Bitcoin (BTC) as well as a top-100 altcoin by market cap.
Alias Cryptocurrency Trader Altcoin Sherpa says to his 196,800 followers on social media platform X that crypto gaming platform Rollbit (RLB) is likely to perform “pretty well” in the short term.
According to Altcoin Sherpa, Rollbit is enjoying a resurgence in inflows after “a few weeks of stagnation.”
Based on a chart accompanying Altcoin Sherpa’s tweet, it appears that the cryptocurrency trader is predicting the level around $0.20 as the next resistance for the Rollbit session after breaching the $0.158 level.
“RLB: $$ coming on chain after a few weeks of stagnation. I think that’s probably doing quite well as an industry leader in the short term.”
RLB is trading at $0.160 at the time of writing, up about 7.592% from its 2022 closing price of around $0.00208.
Turning to Bitcoin, Altcoin Sherpa says that BTC faces two possible scenarios in the coming weeks.
“BTC: The next high we see is critical. We should see some clarity in the coming weeks.
Break $32,000, let’s go to $40,000
If this was the recent high, in my opinion we will go into the low $20,000s.
BTC is worth $28,524 at the time of writing, and a jump to $40,000 would equate to an increase of around 40%.
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