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Trader Warns Bitcoin Is in ‘Cancerous Price Action,’ Says One Ethereum-Based Altcoin That’s Exploded 143% in One Month Will Go Higher

n70products by n70products
June 6, 2025
in Altcoin
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Trader Warns Bitcoin Is in ‘Cancerous Price Action,’ Says One Ethereum-Based Altcoin That’s Exploded 143% in One Month Will Go Higher
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A broadly adopted crypto analyst is warning merchants to avoid Bitcoin (BTC) within the quick time period, whereas updating his outlook on a surging Ethereum (ETH)-based altcoin.

In a brand new thread, pseudonymous crypto dealer Altcoin Sherpa tells his 247,600 followers on the social media platform X that the highest crypto asset by market cap has seen “cancerous” worth motion throughout the previous couple of days.

“Cancerous worth motion for BTC the previous couple of days, higher to avoid the market if in lively trades (unattainable).”

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Supply: Altcoin Sherpa/X

In line with Sherpa, the flagship digital asset might dip down to the low $104,000 vary if it loses its present help degree.

“Nonetheless uneven, no actual momentum in both path proper now. Nonetheless lengthy however fairly small dimension (nonetheless have spot). Wouldn’t be shocked to see the low $104,000 at this level if present degree doesn’t maintain for BTC.”

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Supply: Altcoin Sherpa/X

BTC is buying and selling for $104,549 at time of writing, a fractional lower on the day.

Shifting on to the S&P 500-based parody memecoin SPX6900 (SPX), the analyst says that its chart seems wholesome and that the asset ought to proceed its upward ascent so long as BTC stays steady.

“I don’t care what you individuals say, that chart is fairly rattling unbelievable given the circumstances. This one goes increased within the mid-term so long as BTC is steady, in my view.”

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Supply: Altcoin Sherpa/X

SPX is buying and selling for $1.18 at time of writing, a fractional lower on the day. On Could seventh, it was valued at simply $0.477.

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Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/badrus soleh/Sensvector



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Tags: actionAltcoinBitcoinCancerousEthereumBasedExplodedHighermonthPriceTraderWarns
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