Two popular altcoin analysts shared their predictions for altcoins and BTC to stay in the green for the coming days as the market rebounds slightly.
Altcoin Sherpa predicts what will happen for SOL, MATIC and BTC
Altcoin Sherpa said that Solana (SOL) will be trading between 20-60% over the course of several months, up 200%. Sharing the technical chart below, the analyst details his expectation:
The overall potential range for SOL here is $60 to $20 over the next few months.
Polygon (MATIC)
Looking at MATIC later, Sherpa sees it will likely be rejected from a resistor. According to the analyst, MATIC bears have an opportunity to gain capital in the $0.62 range. According to Sherpa:
I think this will soon reach an area of resistance; Many tables are like this. Shortening the top of the move should be fine for at least one scalp, given the time spent between each area.
Analyst updates his stance on Bitcoin
As for Bitcoin, the analyst says that $21,600 will bring BTC to around $23,000. But for now, Sherpa expects bottom around $18,000 as the main support level for BTC. Here’s what the analyst said for BTC:
BTC moved fast. We cross $21,600 and we go to $23,000. I’m still waiting for a pullback around here though.
But there are also analysts waiting for ATH prices for BTC.
The next analyst, Credible Crypto, is optimistic about Bitcoin (BTC) for the rest of the year, unlike Sherp. Analyst with 336,000 Twitter followers predicts that BTC will make ATH in 6 months before the real bear market starts. Credible’s recent analysis included:
By 2024 or 2025, we predict we will be in the middle and on track of a more severe bear market than most people have ever seen. Until then, we’re still waiting for a new ATH and six-digit BTC.
The analyst expects a burst of around 219% in 6 months, based on BTC’s high of 69,000 from current levels. Also, unlike many others in the market, another analyst Kaleo’s prediction of a protracted bear trend that will result in rallies in late 2024 or 2025, Credible’s bull run forecast for 2022:
We are finally witnessing a new Bitcoin ATH and six-digit BTC in late 2024 or early 2025. There will be nothing like the NFT craze we saw from 2025 to 2026.
If the future of cryptocurrency technology is similar to the internet, Credible says demand for the industry will explode. It uses an explanation from a Wells Fargo study that equates the popularity of cryptocurrencies with the development of the internet.
In 1996, 412 million people used the internet, which was 77 million. Internet usage reached 1.98 billion users in 2010 and has now grown to 4.9 billion. 221 million people worldwide used cryptocurrencies in June 2021
As Kriptokoin.com, we have quoted the current estimates of Felix Hartmann, managing partner of Hartmann Capital, in this article.
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