A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) as well as a top-100 altcoin by market cap.
Pseudonymous crypto trader Altcoin Sherpa tells his 196,800 followers on the X social media platform that the crypto gambling platform Rollbit (RLB) is likely to perform “pretty well” over the short term.
According to Altcoin Sherpa, Rollbit is enjoying a resurgence in inflows after a “few weeks of stagnation”.
Based on a chart accompanying Altcoin Sherpa’s tweet, it appears the crypto trader foresees the level around $0.20 as the next resistance for Rollbit encounter after the $0.158 level was breached.
“RLB: $$ is coming on-chain after a few weeks of stagnation. I think that this one probably does pretty well as the leader of its sector in the short term.”
RLB is trading at $0.160 at time of writing, up by around 7,592% from the 2022 closing price of about $0.00208.
Turning to Bitcoin, Altcoin Sherpa says that BTC faces two possible scenarios over the coming weeks.
“BTC: The next high that we see is critical. Should see some clarity in the coming weeks.
Break $32,000, we go to $40,000
If this recent high was it, we’re going to low $20,000s in my opinion.”
BTC is worth $28,524 at time of writing and a jump to $40,000 would amount to an increase of approximately 40%.
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The post Trader Updates Outlook on Altcoin That’s Exploded 7,500%+ Year-to-Date, Says Bitcoin Could Soar by Double Digits appeared first on The Daily Hodl.