A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC<\/a>) amid a recent correction.<\/p>\n The trader pseudonymously known as Sherpa tells<\/a> his 246,700 followers on the social media platform X that Bitcoin is still in a \u201cstrong bullish trend\u201d despite breaking below the $106,000 support level.<\/p>\n According to the widely followed analyst and trader, Bitcoin is primed to \u201cbounce\u201d as there is strong support at around the $104,000 price level.<\/p>\n Based<\/a> on Sherpa\u2019s chart on the four-hour time frame, Bitcoin could fall lower to just above $103,000 and then trade sideways for a while in a consolidation zone.<\/p>\n \u201cThings look okay for now, I would expect more pokes around this area but the longer the time spent here, the better in my opinion. You want to see a good low form.\u201d<\/em><\/p>\n Bitcoin is trading at $105,841 at time of writing.<\/p>\n Turning to Popcat (POPCAT<\/a>), Sherpa says<\/a> the memecoin built in the Solana (SOL<\/a>) ecosystem is one of the altcoins that is in \u201cdangerous territory.\u201d Based on Sherpa\u2019s chart of POPCAT on the four-hour time frame, the memecoin is at risk of breaking a crucial support area after printing a bearish lower high setup.<\/p>\n \u201cCoins that were great before like POPCAT might have just made a lower high and could be breaking this last low. I\u2019m not saying it won\u2019t bounce but I\u2019m much more cautious right now than two weeks ago.\u201d<\/em><\/p>\n POPCAT is trading at $0.385 at time of writing, down by around 30% over the past week.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) amid a recent correction. The trader pseudonymously known as Sherpa tells his 246,700 followers on the social media platform X that Bitcoin is still in a \u201cstrong bullish trend\u201d despite breaking below the $106,000 support level. According to the widely followed analyst […]<\/p>\n","protected":false},"author":2,"featured_media":368630,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-393819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/393819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=393819"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/393819\/revisions"}],"predecessor-version":[{"id":393820,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/393819\/revisions\/393820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/368630"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=393819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=393819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=393819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
Check Price Action<\/a><\/span><\/em>
\n
Surf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
\n![](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\")
<\/center><\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n
![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/GsMWtJsaAAAle_q?format=jpg&name=4096x4096\")
![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/GsI0XXUaUAArdCc?format=jpg&name=small\")