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Crypto Market Recovery Rally: Analyst Urges Traders To “Buy The Dip” For THESE Assets

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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The cryptocurrency market has remained exceptionally bullish since January 2023, and especially in the past week. The flagship cryptocurrency, Bitcoin, has successfully reached $18,000 levels after reaching $16,000 levels. A similar pattern has been observed with Ethereum, XRP, Cardano, and other major altcoins.

Meanwhile, a well-known cryptocurrency analyst and trader, Altcoin Sherpa, has made bullish predictions for Bitcoin and Aptos.

Bitcoin (BTC) Analysis 

The analyst makes an effort to inform 188,400 Twitter followers that Bitcoin is on the verge of hitting its next bullish target of $19,000. However, he also says that he is not sure if BTC will first see a dip before the bull run or not. 

At the time of writing, Bitcoin is selling at $18,146 with a surge of 4% over the last 24hrs.

Aptos (APT) Price Analysis 

Altcoin Sherpa talks about Aptos and claims that the altcoin will soon shoot by more than 31% if Bitcoin maintains its bullish move. The analyst believes that Aptos will hit $7 if the bull run continues.

Currently, Aptos is trading at $5.18 with a loss of 1.60% in the last 24hrs.

Furthermore, Altcoin Sherpa alerts his followers that though the crypto market is observing a recovery rally since the start of 2023, the bottom has not yet occurred. By this he means that the crypto market will probably see a bearish pull back before the next bull run. However, he urges traders and investors to turn this into an opportunity to buy the dip.

WOO Network (WOO) Price Analysis 

Lastly, the strategist puts light on WOO Network (WOO) which is a liquidity network. He says that WOO is about to experience a downfall if Bitcoin makes a downward movement.

As per Sherpa, if Bitcoin falls, WOO Network will plunge between $0.15 and $0.14 area.

At the moment, WOO is changing hands at $0.16 with a fall of 1.73% over the last 24hrs

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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