Renowned for accurate forecasts, the anonymous crypto analyst Altcoin Sherpa anticipates a decline for Bitcoin (BTC), Sei (SEI), and Sui (SUI). Despite Bitcoin’s neutral weekly close, Altcoin Sherpa wouldn’t be surprised by a pullback to $36,000.
Examining the Bitcoin chart shared by Altcoin Sherpa, a retracement to $36,400, corresponding to the 0.383 Fibonacci level, is expected. Currently, Bitcoin has seen a 2.54% decrease over the past 24 hours, trading at $40,784, indicating an 11% potential drop if the prediction materializes.
Altcoin Sherpa also issued a warning for the popular altcoins Sei and Sui. He suggests that most altcoins will continue to fall, eyeing a purchase around $0.90 for SUI, which aligns with the 0.50 Fibonacci retracement level, deemed an optimal buying point.
SUI’s current market behavior, with a 3.79% decline to $1.07, supports the analyst’s bearish outlook. Similarly, SEI is expected to reach the 0.50 Fibonacci retracement level, with two potential target prices identified at approximately $0.5768 and $0.4847.
Recent data reveals SEI rapidly approaching the first anticipated buying level of $0.5768, trading at $0.6012 after a drop of over 10% in the last 24 hours, suggesting the analyst’s predictions may soon be realized.
