A popular crypto trader and analyst is expressing bullish sentiment for Bitcoin (BTC) with a caveat.
Pseudonymous crypto trader Altcoin Sherpa tells his 174,900 Twitter followers that he is “cautiously bullish” on Bitcoin while noting that corrections have typically followed BTC’s upward moves in the past.
According to Altcoin Sherpa, his bullish thesis will be invalidated if the key support level of between $36,000 and $37,000 is breached.
“BTC: Although I’m still cautiously bullish until we lose $36,000 – $37,000 on high time frame charts, it’s important to note that every single one of these moves has quickly retraced. A few observations, though…
1- We saw some big moves in February and March followed by quick retracement.
2- The ‘pumps’ and ‘dumps’ have been noticeably