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Market

TOP analyst says this is the last chance to accumulate BTC and predict rallies for BNB and MATIC

November 5, 2021 - Around 2 mins mins to read

A prominent analyst believes Polygon (MATIC) and Binance Coin (BNB) will rebound before Bitcoin (BTC) climbs to $ 100,000.

The analyst known as Altcoin Sherpa told his 141,900 Twitter followers that this was his last chance to buy BTC.

“From my point of view, this is the last chance to get on the Bitcoin train before it takes off. When it accelerates, I expect it to suck all the liquidity out of altcoins and move like a speedboat. A higher floor is created – do not leave yourself behind.

matic-bnb-btc

BTC / USDT daily chart | The source: AltcoinSherpa / Twitter

He says the next upward move in Bitcoin will be huge based on the healthy market structure that the moving averages are showing.

“The movement of the EMAs is very healthy as BTC is hovering around all-time highs. The price has been falling and consolidating for a while, I think if BTC moves it will be huge. “

matic-bnb-btc

BTC / USDT 4-hour chart | The source: AltcoinSherpa / Twitter

Considering Binance Coin, Sherpa expects the altcoin to break above $ 600 but doesn’t think BNB can outperform BTC.

At the time of writing, BNB is trading at $ 548.55, according to CoinGecko.

“BNB: Expect this altcoin to continue rising and break the resistance at around $ 600. But I don’t think it will surpass BTC.”

matic-bnb-btc

BNB / USDT daily chart | The source: AltcoinSherpa / Twitter

matic-bnb-btc

BNB / BTC daily chart | Source: AltcoinSherpa / Twitter

As for Ethereum’s Layer 2 scaling solution, Polygon, he expects MATIC to hit a new all-time high in the coming weeks. He predicts a volatile phase in which L2 and sidechain compete against each other.

“MATIC: Still a good project, expect it to hit an all-time high in the next few weeks. The battle between Sidechains / L2s / Ethereum Virtual Machines (EVMs) is getting really interesting in the next few months. A high gas makes it impossible for retailers to use the Ethereum network. “

matic-bnb-btc

MATIC / USDT daily chart | The source: AltcoinSherpa / Twitter

You can see the coin prices Here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhold

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

TOP analyst says this is the last chance to accumulate BTC and predict rallies for BNB and MATIC

A prominent analyst believes Polygon (MATIC) and Binance Coin (BNB) will rebound before Bitcoin (BTC) climbs to $ 100,000.

The analyst known as Altcoin Sherpa told his 141,900 Twitter followers that this was his last chance to buy BTC.

“From my point of view, this is the last chance to get on the Bitcoin train before it takes off. When it accelerates, I expect it to suck all the liquidity out of altcoins and move like a speedboat. A higher floor is created – do not leave yourself behind.

matic-bnb-btc

BTC / USDT daily chart | The source: AltcoinSherpa / Twitter

He says the next upward move in Bitcoin will be huge based on the healthy market structure that the moving averages are showing.

“The movement of the EMAs is very healthy as BTC is hovering around all-time highs. The price has been falling and consolidating for a while, I think if BTC moves it will be huge. “

matic-bnb-btc

BTC / USDT 4-hour chart | The source: AltcoinSherpa / Twitter

Considering Binance Coin, Sherpa expects the altcoin to break above $ 600 but doesn’t think BNB can outperform BTC.

At the time of writing, BNB is trading at $ 548.55, according to CoinGecko.

“BNB: Expect this altcoin to continue rising and break the resistance at around $ 600. But I don’t think it will surpass BTC.”

matic-bnb-btc

BNB / USDT daily chart | The source: AltcoinSherpa / Twitter

matic-bnb-btc

BNB / BTC daily chart | Source: AltcoinSherpa / Twitter

As for Ethereum’s Layer 2 scaling solution, Polygon, he expects MATIC to hit a new all-time high in the coming weeks. He predicts a volatile phase in which L2 and sidechain compete against each other.

“MATIC: Still a good project, expect it to hit an all-time high in the next few weeks. The battle between Sidechains / L2s / Ethereum Virtual Machines (EVMs) is getting really interesting in the next few months. A high gas makes it impossible for retailers to use the Ethereum network. “

matic-bnb-btc

MATIC / USDT daily chart | The source: AltcoinSherpa / Twitter

You can see the coin prices Here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhold

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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