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Known for his accurate predictions, the anonymous crypto analyst Altcoin Sherpa has shared his latest expectations for Bitcoin (BTC) and two popular altcoins, anticipating a downturn for both Sei (SEI) and Sui (SUI).
Bitcoin Expected to Drop to $36,400
The experienced crypto analyst Altcoin Sherpa has shared his latest forecast for Bitcoin on his personal Twitter account. He noted that while the largest cryptocurrency had a neutral weekly close, a pullback to the $36,000 level would not surprise him.
Looking at the Bitcoin chart shared by Altcoin Sherpa, it is expected to retract to $36,400, which corresponds to the 0.383 Fibonacci retracement level. With current data, Bitcoin has seen a 2.54% decrease in the last 24 hours, trading at $40,784. The analyst’s expectation equates to an approximate 11% decrease for BTC.
Warning of a Downturn for SUI and SEI
Furthermore, Altcoin Sherpa has issued a surprising warning for the popular altcoins Sei’s SEI and Sui’s SUI. He mentioned that he expects most of these altcoins to continue declining. He plans to wait to buy around $0.90, which corresponds to the 0.50 Fibonacci retracement level, considering it the best purchase point.
At the time of writing this article, SUI has decreased by 3.79% in the last 24 hours, trading at $1.07, indicating a bearish trend. This suggests that the analyst’s prediction may come to pass.
Finally, Altcoin Sherpa warned about SEI, expecting it to reach the 0.50 Fibonacci retracement level. The price chart shared by the analyst shows that he is waiting for two levels, the first around $0.5768 and the second around $0.4847.
Current data reveals that the altcoin is rapidly approaching the first purchase level of $0.5768 anticipated by the analyst. SEI has changed hands at $0.6012, a drop of over 10% in the last 24 hours.
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