Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Analyst says Bitcoin could crash below $50,000 if it holds key levels, updates outlook on Sui and Helium
ALTCOIN NEWS

Analyst says Bitcoin could crash below $50,000 if it holds key levels, updates outlook on Sui and Helium

By Crypto FlexsAugust 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Analyst says Bitcoin could crash below ,000 if it holds key levels, updates outlook on Sui and Helium
Share
Facebook Twitter LinkedIn Pinterest Email

A prominent cryptocurrency analyst says Bitcoin (BTC) could fall below $50,000 if one of its key support levels fails to hold.

In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,900 followers on social media platform X that the next test for the cryptocurrency king could be a breakout above $70,000 or a crash below $50,000.

“I think it’s very simple. If BTC breaks current levels, it will go to $70,000. If BTC doesn’t break current levels, it will go to $40,000 (there may be a bounce in between).”

Source: Altcoin Sherpa/X

Sherpa said that if BTC’s recent price action is forming lower highs (which the trader says may not be the case), BTC is likely headed towards the low $40,000 range.

“I’m afraid this is a low high for BTC. I don’t think so, but if it is, the price is headed towards the low $40,000s. Let’s wait and see.”

GU98D8XWQAAHVWF
Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $59,481, down slightly over the past 24 hours.

Sherpa said that SUI looks good on lower time frames, based on his analysis of smart contract platform Sui Network (SUI) and wireless connectivity protocol Helium (HNT).

“SUI: The 200-day EMA has proven to be a strong resistance area, but I still think it looks pretty good on lower time frames. I would look at the $0.91-$0.86 area as a bid area. There is a lot of consolidation there.”

GU5OSJgWkAALf4O
Source: Altcoin Sherpa/X

SUI is valued at $0.864 and has fallen 5% over the past day.

For HNT, a Solana (SOL)-based asset that uses hotspots to connect wireless devices to the network, Sherpa expects the token to surge to $8-$10.

“HNT: I ​​thought this chart looked beautiful, but after the mid 5s… Target = 8, and if I feel crazy I’ll leave it at 10.”

GU5L-faWYAAUuYQ
Source: Altcoin Sherpa/X

As of this writing, HNT costs $6.99.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/SvedOliver

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025
Add A Comment

Comments are closed.

Recent Posts

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025

ETH And BTC Holders Are Flocking To OAK Mining For Stable Profits Of $8,600 Daily

October 16, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025
Most Popular

XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

October 15, 2025

Best altcoins with strong narratives to trade in volatile markets

August 29, 2024

Trezor strengthens security measures amid phishing concerns

January 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.