New Outlook On Bitcoin And New Ethereum Rival

It’s been revealed that an important trader released a new outlook on Bitcoin and another ETH rival. Check out the latest reports about the prices below.

A popular crypto strategist has just revealed news on Bitcoin (BTC) and one Ethereum (ETH) rival as he warns memecoins are likely to collapse.

Pseudonymous analyst Altcoin Sherpa said recently that Bitcoin continues to lack a clear upward or downward trend and remains trading sideways.

He revealed his chart as the online publication the Daily Hdl notes, and Sherpa says Bitcoin has been chopping around in the $25,000 to $30,000 range for the past 48 days.

It’s also important to say the fact that the previous range Bitcoin chopped around in was between about $19,500 and $25,000 and that lasted 57 days.

“BTC: The problem for most traders the last six months is that there hasn’t been a continuous trending environment like in 2020 and 2021 (for alts). Lots of chop overall and just a few trending weeks followed by more chop. Know yourself and where to trade.”

The same online publication mentioned above noted the following:

“Based on Fibonacci retracement levels, a method of technical analysis for determining an asset’s support and resistance levels, Sherpa believes SUI will revisit a lower range of $1.29.”

However, he warns if Bitcoin dips, SUI could drop down to $1.24.

“SUI: Expecting range lows to come eventually around $1.29, but it’s going way lower if Bitcoin shits the bed IMO (In my opinion). Still, it looks like somewhat accumulation phase as long as BTC is stable.”

Macro Investor Bert Dohmen just issued a dire warning on the future of the US and global economy.

In a new interview with Stansberry Research, the founder of Dohmen Capital Research says anyone who believes the banking crisis is over is engaged in wishful thinking.

“We have three of the biggest banking failures in US history within six days and everybody’s pretending this is a one-off event that won’t happen again.”