A popular analyst and trader is offering his outlook on three crypto assets amid volatility in the markets.
According to the trader, Bitcoin could go up by over 5% from its current price.
“BTC: Nothing has changed overall, I think this is still the short-term bottom, expecting a move to $23,000 or something. Run of the lows certainly possible but I don’t expect high time-frame closes in the low $20,000s. Still expecting higher and no clue after that.”
Bitcoin is trading at $21,581 at the time of writing.
Next up is Dogecoin (DOGE), the largest meme coin by market cap. Altcoin Sherpa says that Dogecoin currently lacks a clear sense of direction after moving from a three-month high of nearly $0.09 into the $0.058 – $0.077 range.
“DOGE: This one went right back into the range; it’s not even the leader (SHIB was this time). No clear trend here in the short term, a bit disappointed in this one (thought it would run a little harder).”
Altcoin Sherpa ends his analysis with the native token of sports fans’ engagement platform Socios.com, Chiliz (CHZ).
The crypto analyst says Chiliz could surge by nearly 40% from current levels after rallying by triple digits over the past 30 days.
“CHZ: Congrats to all who played this one, I’d consider taking some profits around here. Break through this level and maybe this continues up to $0.33 but there are a lot of levels to get through.”
Over a 30-day period, Chiliz rose from a low of $0.1020 recorded on July 27th to trade for $0.238 at the time of writing, a 133% rise.
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