Benzinga - A pseudonymous crypto analyst shared an outlook on Bitcoin (CRYPTO: BTC) and altcoins Fantom (CRYPTO: FTM), Solana (CRYPTO: SOL) and Cardano (CRYPTO: ADA).
What Happened: Altcoin Sherpa told his 190,500 followers on Twitter that the longer Bitcoin hovers around $23,000 to $24,000, the more bullish he is.
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$BTC: I don't see any reason why this doesn't go to 25k. Would ideally like to see it actually go to 30k and fill the gap but will play it 1 level at a time. #Bitcoin #BTC pic.twitter.com/GYTZXNZOik“I think that it's quite likely that we [will] see a gap fill up to 30k eventually,” the analyst said.— Altcoin Sherpa (@AltcoinSherpa) February 2, 2023
According to the analyst, Solana appears to be heading toward the $30 range.
“Solana has done well and it should go to the mid-$30s if BTC holds up. I’m not sure what the long-term future for this coin is, FTX/Alameda had a big bag of it iirc (if I recall correctly) and who knows how that’ll get liquidated. The culture of this chain is still good though.”
In the case of Fantom, Sherpa predicts $0.60. “Looks extremely f***ing strong, I like this one.”
$FTM: Looks extremely fucking strong, I like this one. It will eventually hit .60ish IMO. #Fantom https://t.co/tVtGNPXpqN pic.twitter.com/ingnt5cddXThe analyst dismissed Cadano (CRYPTO: ADA) and said he doesn’t really see any reason to buy this coin.— Altcoin Sherpa (@AltcoinSherpa) January 31, 2023
“ADA/BTC pair looks pretty good to be honest and at support but I don't think this outperforms other altcoins relatively. Still, it has an insane community,” he adds.
Price Action: At the time of writing, Bitcoin was trading at $23,459, down 2%. Solana was at $24.17, down 4.33%, and Fantom was trading at $0.60, up 6.26% in the last 24 hours, according to Benzinga Pro data.
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