A closely watched cryptocurrency analyst and trader believes Bitcoin (BTC) still has gas left in the tank despite its recent surge.
Pseudonymous analyst Altcoin Sherpa told his 224,900 followers on social media platform X that he is bullish on Bitcoin after it regained support around $60,000.
The trader said he expects Bitcoin to reach close to $70,000 due to the recent rally.
“BTC hours are over $68,000.
Liquidity is below recent wick lows. Let's see if we can get the high price.
after that? I have no clue. But we remain bullish until proven otherwise. ”
As of this writing, Bitcoin is trading at $65,942, up over 5% on the day.
The analyst said he is bullish on the altcoin looking at the Federation of Artificial Superintelligence (FET) native asset but believes it is likely to trade sideways in the coming days.
“FET price action is pretty neutral and I wouldn't be surprised if things settle down over the next few days and nothing happens. I still think AI (artificial intelligence) is a good category, but my… In our opinion, TAO is the better vehicle to trade, but we remain bullish on FET.”
As of this writing, FET is worth $1.51.
As for Dogwifhat (WIF), traders are predicting the meme coin to rise nearly 25%.
“WIF As long as BTC remains stable, it will soon reach $3.50. ”
As of this writing, WIF is worth $2.81.
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