Bitcoin Is Headed for Another Dip in the $10,000 to $14,000 Price Range, a Top Trader Warns.
A popular crypto analyst warns that a Bit-coin (BTC) dump would likely cause Polygon (MATIC), Binance Coin (BNB), and Cosmos (ATOM) prices to crash. The pseudonymous analyst Altcoin Sherpa tells his 187,300 Twitter followers that he thinks Bitcoin is headed for another dip in the $10,000 to $14,000 price range, potentially dragging down some layer-1 altcoins.
Altcoin Sherpa claims to focus on these layer-1 blockchain projects due to their value capture potential. First, he looks at BNB, the token of the Binance cryptocurrency exchange. If Bitcoin’s price holds, BNB would likely recover its $300 price range, he says. However, if Bitcoin falls, he stated BNB would lose support in the $200 price range. Turning his attention to Ethereum rival ATOM, he says it could drop into the $5 range if Bitcoin falls into the $10,000 to $14,000 price range.
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