Bitcoin Is Still in a Strong Bullish Trend Despite Losing Major Support Level, Says Trader – Here’s His Outlook
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) amid a recent correction. The trader pseudonymously known as Sherpa tells his 246,700 followers on the social media platform X that Bitcoin is still in a “strong bullish trend” despite breaking below the $106,000 support level. According to the widely followed analyst and trader, Bitcoin is primed to “bounce” as there is strong support at around the $104,000 price level. Source: Altcoin Sherpa/X Based on Sherpa’s chart on the four-hour time frame, Bitcoin could fall lower to just above $103,000 and then trade sideways for a while in a consolidation zone. “Things look okay for now, I would expect more pokes around this area but the longer the time spent here, the better in my opinion. You want to see a good low form.” Source: Altcoin Sherpa/X Bitcoin is trading at $105,841 at time of writing. Turning to Popcat (POPCAT), Sherpa says the memecoin built in the Sola...
