Here’s what’s next for Bitcoin, Ethereum, Binance Coin and a top Dogecoin rival, according to Crypto Trader

Here’s what’s next for Bitcoin, Ethereum, Binance Coin and a top Dogecoin rival, according to Crypto Trader

Here’s what’s next for Bitcoin, Ethereum, Binance Coin and a top Dogecoin rival, according to Crypto Trader

A popular analyst provides price target updates for a handful of crypto assets as markets battle to end the week in positive territory.

The pseudonymous trader known as Altcoin Sherpa recount his 181,400 Twitter followers that after a week of choppy downward price movement, he still believes that Bitcoin (BTC) has enough strength to recoup $28,000 in the near future.

“I still expect this low to hold for now. I would like to see a higher, sustainable high, always assuming $28,000 comes in until proven otherwise.

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Source: Altcoin Sherpa/Twitter

Bitcoin is even trading on the day, but at $23,430 it remains down 7% from its weekly high of $25,203.

The graphics guru next examined Ethereum (ETH) against the Bitcoin trading pair, drawing attention to May 2021 and January of this year when ETH was also worth around 0.082400 BTC.

“What do we think, is it going to go for the highs? ETH/BTC has always shown incredible strength.

While I think most of the merger narrative is done, it could still go for the highs.

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Source: Altcoin Sherpa/Twitter

Ethereum is currently up 2.45% and trading at $1,866, while against Bitcoin it is worth 0.078573 BTC.

Next on the analyst’s radar is BNB, a native token of popular crypto exchange Binance. Altcoin Sherpa strong points the $260-$322 price range dating back to last October while saying he is eyeing a potential drop to around $250.

“The $200 average might be interesting here on this one, it’s still one of the best performing alts overall.”

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Source: Altcoin Sherpa/Twitter

In recent days, BNB has been slowly giving up some of the big gains it made from late July over the weekend. It is down 7.7% from Sunday’s high of $331.08 and is currently trading at $305.39.

Let’s move on to the Shiba Inu (SHIB) dog-themed meme piece, the analyst said that he expects another rally from competitor Dogecoin (DOGE) if Bitcoin and Ethereum do not falter.

“I’m still in my position and still think another head start will come as long as BTC and ETH stay stable.”

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Source: Altcoin Sherpa/Twitter

At the time of writing, Shiba Inu is down almost 5% and priced at $0.000015. The altcoin rebounded 80% between August 9 and 14, rising from $0.000010 to $0.000018 before correcting.

The latest is Optimism (OP), a layer 2 scaling solution for Ethereum. The crypto strategist follows on his recent call to short the altcoin after it rose significantly in July, now saying he expects the price to fall below a dollar.

“Squiggly is going as planned. Unfortunately, I didn’t pay attention to it and didn’t run my shorts.

Maybe expect another crappy bounce around here if ETH and BTC hold their own ahead of further nukage. This thing goes $1>, easy to short in my opinion.

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Source: Altcoin Sherpa/Twitter

Optimism was priced below $0.50 in mid-July before a series of rallies sent it up to $2.24 on August 3.

The altcoin has since slowly declined, currently in the red by 2.42% in the past 24 hours with an asking price of $1.33.

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