Bitcoin Price Analysis

A widely followed crypto analyst warns that Bitcoin (BTC) may see a significant drop if it breaks a key support level.

In a recent post, pseudonymous trader Altcoin Sherpa shared insights with his 244,000 followers on the platform X, indicating that if Bitcoin loses its support at $78,000, it could revisit the $60,000 range. However, should Bitcoin reclaim the $90,000 mark, it might approach its all-time high of approximately $109,000.

> “BTC basically has two paths. The low established at $78,000 feels vital; losing it means heading towards the mid-$60,000s. If we can get back above $90,000, a retest of ATH is likely. Until then, expect volatility and patience is key.”
> Source: Altcoin Sherpa/X

Next, the analyst discusses Aptos (APT), suggesting it may have found a market bottom after bouncing off the $4.80 level.

> “Most alts are going to keep declining, but some have likely bottomed out. Coins like APT and ACT have maintained their lows since early February despite volatility.”
> Source: Altcoin Sherpa/X

As of now, Bitcoin is trading at $82,757, unchanged for the day, while Aptos is at $5.12, down 7.8% in the last 24 hours.

Generated Image: Midjourney