Trader Stays Bullish on Bitcoin, Updates Outlook on Aptos and Altcoin That’s Up Over 166,000% in Ten Months
A widely followed crypto analyst is staying bullish on Bitcoin (BTC) while updating his outlook on layer-1 blockchain Aptos (APT) and one memecoin that has printed massive gains during the last 10 months. In a new strategy session, crypto trader Altcoin Sherpa tells his 224,300 followers on the social media platform X that key metrics are pointing toward an upcoming bull market for the top crypto asset by market cap. “BTC: should be a decent spot for a bounce. Close enough to the .50 [Fibonacci retracement level]. 200-day exponential moving average (EMA) + wick low. Still bullish until shown otherwise.” Source: Altcoin Sherpa/X Fibonacci retracement is a method of technical Analysis that indicates potential points of support and resistance for an asset. Bitcoin is trading for $62,251 at time of writing, a 2.4% gain during the last day. Moving on smart contract platform Aptos, Sherpa says its chart looks good and that he’s looking to accumulat...