Bitcoin and several popular altcoins continue to be a favorite of cryptocurrency investors. Therefore, analysts’ comments on altcoins are important. In this article, we will share the analysis of three major analysts for PEPE, LINK, BTC and various coins. Here are the details…
Dave the Wave: In the Bitcoin “buy” space
Analyst Dave the Wave says that Bitcoin (BTC) is poised for its next upside target. The analyst says that Bitcoin is currently consolidating within the “buy zone” of its logarithmic growth curve (LGC). Dave the Wave’s LGC ignores short-term volatility. Meanwhile, it aims to predict long-term highs and lows over the life of Bitcoin. According to the analyst’s “buy zone”, any level below $31,000 is still a huge opportunity for BTC. Based on the current market structure, the analyst says the next important turning point for BTC is $32,000, which could also signal a breakout from the consolidation channel. Expert comments are as follows:
More consolidation? There is plenty of technical support in the BTC LGC buy zone.” Technically there is a good looking BTC…. and still in LGC purchase zone. The next milestone to be overcome – $32,000.
Dave the Wave says a conservative price target would be roughly $40,000 by the end of the year if the price continues to rise along the same support level. According to the analyst, meanwhile, the BTC price continues to rise. It points to our potential to reach $40,000 if the current trend continues through the end of the year.
Michael van de Poppe; PEPE, AVAX and LINK shared their comments
Trader Michael van de Poppe looked at three popular altcoins. The analyst pointed to the need to break $6.85 for LINK. On the other hand, he pointed out the $6 and $5.50 levels as important levels. He also mentioned that the popular meme coin of recent times, PEPE, is on the decline. The analyst pointed out that there is a possibility of an uptrend if $0.0000016000 is reclaimed. Van de Poppe’s target lies at the 0.00000147, 0.00000115 support levels. Finally, the analyst mentioned that $14.80 is critical for Avalanche (AVAX). It indicates that only in this way the rise will be possible.
Request 03 – $PEPE
This chart continues the downtrend, which means that every block of resistance is basically an area to short, just like the 160000 area.
I'd prefer to see that reclaimed, if you want to long, otherwise short until 147000 and 115000 or even 85000. pic.twitter.com/YqMjpENV54
— Michaël van de Poppe (@CryptoMichNL) May 22, 2023
DonAlt shares his picks for altcoin season
Finally, DonAlt shared his valuable insights on current market trends. He shed light on three altcoins that caught his attention. In a recent strategy session, DonAlt, who has more than 50,700 subscribers on his YouTube channel, highlighted the potential of LDO, the native token of liquid staking service Lido DAO. DonAlt emphasizes that despite a significant pullback from the $2.48 peak, LDO remains an attractive choice for altcoins bullish.
Another altcoin that has caught DonAlt’s attention is Litecoin (LTC), primarily due to its upcoming halving event. He believes this event, which will take place in about 80 days, adds an element of time-based anticipation to LTC’s performance. With 50 days left until the Litecoin halving, DonAlt expresses great interest in re-entering the market. “If Litecoin fails to show significant movement in the next 10, 20 or 30 days, it may lose its appeal as an interesting trade and cause an exit,” he says.
Finally, DonAlt wraps up with some new information about Ethereum (ETH). Ethereum has shown perseverance and resilience, despite facing stiff competition around $2,000. According to market analysts, bullish traders will benefit if ETH does not experience a significant price drop. He says that if the market continues for two more weeks in this range, buying Ethereum could become an attractive option.
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