Renowned crypto analyst Sheldon the Sniper recently shared his thoughts on Bitcoin’s bullish run and its potential to reach its all-time high price once again. Speaking on his YouTube channel, Crypto Banter, the world’s first live interactive social cast for the crypto community, Sheldon supported his statement by showing the previous run of Bitcoin and explaining that there was a short squeeze gap at over $32,000, and the next resistance was sitting at around $36,000 to $38,000.
According to Sheldon, Bitcoin’s dominance resulted in breaking the wedge with the CPI reading at 5%. He believes that it could reach another level of dominance at around $35,000 to $37,000, given its current straight bullish run. However, he pointed out that in previous bear markets, where Bitcoin boiled up for longer periods, such as from February 2018 to August 2019, it eventually went straight downhill.
Sheldon also shared his observations on some of the altcoins that are bouncing, namely NEARL, Solana, FTMUS, and AvaxUp. For the analyst, these coins are the next to lift off, followed by small caps. He concluded that “total breakouts bring in big money.”
The cryptocurrency market has been on a rollercoaster ride for the past few months, with Bitcoin leading the way. The world’s most popular cryptocurrency has been on a bullish run, breaking several resistance levels and reaching new heights. Despite some minor setbacks, the cryptocurrency has remained strong, and many analysts believe that it has the potential to reach new all-time highs.
Sheldon, a well-known figure in the crypto community, has been closely monitoring Bitcoin’s movements and has shared his thoughts on the cryptocurrency’s future. According to him, Bitcoin’s current bullish run could take it to new heights, but there are also risks involved. He pointed out that in previous bear markets, Bitcoin has gone downhill after a long period of bullish activity.
However, Sheldon remains optimistic about the future of Bitcoin and believes that it has the potential to dominate the market once again. He believes that the cryptocurrency could reach another level of dominance at around $35,000 to $37,000, given its current straight bullish run. This is good news for investors who are looking to capitalize on Bitcoin’s rise.
In addition to Bitcoin, Sheldon also shared his observations on some of the altcoins that are bouncing. According to him, NEARL, Solana, FTMUS, and AvaxUp are the next coins to lift off, followed by small caps. He believes that “total breakouts bring in big money,” and investors should keep an eye on these altcoins.
The cryptocurrency market is constantly evolving, and investors need to stay up-to-date with the latest developments. By listening to experts like Sheldon, investors can make informed decisions and take advantage of the market’s fluctuations. With Bitcoin’s current bullish run and the potential for altcoins to lift off, there are plenty of opportunities for investors to make a profit.
In conclusion, Sheldon the Sniper’s insights on Bitcoin’s bullish run and altcoins to lift off provide valuable information for investors looking to capitalize on the cryptocurrency market’s fluctuations. His observations on Bitcoin’s potential to reach new heights and the next altcoins to lift off are worth considering for investors looking to make informed decisions. As the cryptocurrency market continues to evolve, investors need to stay up-to-date with the latest developments and listen to experts like Sheldon to make the most of their investments.