"Close Now" According to Famous Analyst! This Ethereum-Based Altcoin is Ready for the Big Break!

- Crypto analyst Altcoin Sherpa predicts that Ethereum-based Maker (#MKR ) will rise by 30 percent to one thousand 700 dollars.

- Sherpa, who described the December of $ 5.50-7.50 for Chainlink (LINK) as a buying opportunity, also gave hope for Bitcoin (BTC).

- The analyst expects BTC to reach up to 40 thousand dollars in the medium term.

The anonymous cryptocurrency analyst and trader known as Altcoin Sherpa expects a significant price increase in the price of Maker (MKR), an altcoin project built on the Ethereum (ETH) Blockchain. The analyst also evaluated Chainlink (LINK) and the largest cryptocurrency Bitcoin (BTC) and made remarkable assessments.

Big Exit Awaits on MKR

Altcoin Sherpa, a cryptocurrency analyst and trader, said that MKR is showing tremendous strength despite the market conditions that seem to be under selling pressure at the moment. Altcoin Sherpa believes that if MKR rises above the resistance level of about thousand 330 dollars, it can rise above thousand 700 dollars with an increase of about 30 percent from its current price.

Looking at the decentralized oracle network Chainlink (LINK) after Maker, Altcoin Sherpa said that LINK is a strong altcoin and sees the December range of about $ 5.50 to $ 7.50 as an opportunity to buy. The analyst added that despite the consolidation phase that has been going on for 450 days, Chainlink continues to remain strong and may be a safe altcoin choice for investors who want to adopt a long-term strategy.

Prediction of a Rise in Bitcoin Up to 40 Thousand Dollars

Finally, Altcoin Sherpa, who interprets Bitcoin, expects the largest cryptocurrency to go back to the December 30 thousand dollars to 32 thousand dollars if it exceeds the $ 29 thousand 750 level. The analyst added that four-hour exponential moving averages (EMAS) are concentrated in this key region, which could potentially affect the market. Altcoin Sherpa expects that if the price of Bitcoin falls back into this December and rises above $ 30 thousand, the recent price movement will remain only a short deviation and Bitcoin will return to its previous upward trend.

However, Altcoin Sherpa expects BTC to rise to $ 40 thousand if there is a convincing exit above the December range of $ 30 thousand to $ 32 thousand in the medium term. Although the analyst personally remains optimistic that Bitcoin will reach $ 35 thousand to $ 40 thousand in the medium term, he is not ready to make any moves yet, preferring to take a more measured approach. #BTC #ETH