Bitcoin Holds Steady at $64,500 While Altcoin Gains Pause

Bitcoin Steady at $64,500, Altcoin Gains on Hold

Bitcoin (BTC) remains steady at $64,500, with altcoin gains paused as BTC's ascent halts. Altcoin investors anticipate further gains while monitoring the Bitcoin price chart. They believe that as BTC consolidates at higher levels, altcoin profits will multiply.

Analyst's Outlook

Popular cryptocurrency analyst Altcoin Sherpa acknowledges the unpredictable nature of the future but provides insights based on expert opinions. Recently, accusations of manipulation and fraud have been leveled against the WLD Coin team due to delays in a crucial launch. Altcoin Sherpa echoed these concerns:

"WLD will eventually drop to $0, although I cannot predict the timeline. It represents a potential shorting opportunity."

Despite these concerns, Worldcoin has experienced a 9% increase, sustaining most of its gains above $3. This surge is partly attributed to the support of OpenAI CEO Sam Altman.

Bitcoin and Altcoin Predictions

Analyzing past support and resistance levels, Altcoin Sherpa examined BTC's ascent to the mid-$60,000 range. He outlined three potential scenarios:

• Drop to $63,000 followed by a recovery
• Drop to $60,000 followed by a recovery
• Intermediate fluctuations with dips below $60,000

The most optimistic scenario involves breaking the current level without a pullback and reaching $70,000. However, the analyst advises against hasty trades, predicting a healthy pullback soon. He recommends placing buy orders on significant red days.

Altcoin Sherpa projects a decline to $0.00001057 for PEPE Coin, with a bearish short-term outlook. Nonetheless, he acknowledges the unpredictable nature of the cryptocurrency market and emphasizes that all predictions may be subject to revision.