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.”

Source: Altcoin Sherpa/X

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.

Source: Altcoin Sherpa/X

BTC is worth $28,524 at the time of writing, and a jump to $40,000 would equate to an increase of around 40%.

Don’t Miss a Beat – Sign up to receive email alerts direct to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check the Latest News Headlines


Disclaimer: The views expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and transactions are at your own risk and that any losses are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: DALLE-3

DailyBlockchain.News Admin

Our Mission is to bridge the knowledge gap and foster an informed blockchain community by presenting clear, concise, and reliable information every single day. Join us on this exciting journey into the future of finance, technology, and beyond. Whether you’re a blockchain novice or an enthusiast, is here for you.
Back to top button