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Popular Crypto Trader Predicts What’s Next for Bitcoin (BTC), ApeCoin (APE) and Two Ethereum-Based Altcoins

A widely watched cryptocurrency trader shares his outlook on Bitcoin (BTC), ApeCoin (APE) and two Ethereum (ETH)-based altcoins amid signs of a possible recovery for the crypto market.

As Bitcoin continues to trade above its 200-day exponential moving average (EMA), Altcoin Sherpa tells his 180,700 Twitter followers that the leading virtual asset needs to hold to confirm an uptrend.

“BTC: I see this as a key level (that and $22,000) to hold to consider a higher low. The last move bounced to 0.618, it is currently around the .50 level.”

Source: AltcoinSherpa/Twitter

He says that the crypto asset linked to Bored Ape Yacht Club (BAYC) could rise to $9.00 depending on the price movement of Bitcoin and Ethereum. At the time of writing, APE is trading at $7.43.

“APE: If BTC and ETH hold steady, I think this continues to reach $9. I’m still in position overall, but I’ve already taken a small profit. From mid-$5.”

Source: AltcoinSherpa/Twitter

Altcoin Sherpa also shares his prediction for Optimism (OP) and Lido Dao (LDO), which peaked at $2.18 and $2.81, respectively this month. He says the two altcoins are bound to decline after the price rally. OP is currently trading at $1.86, while LDO is changing hands at $2.57.

“I think both LDO and OP are probably decent shorts, at least a hedge against all your points. High % chance that these are much cheaper brands in the medium/long term. Don’t buy here if you plan to hold for a while, in my opinion.”

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

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