What Instore For BTC, SOL, AVAX, and GMT Prices? Analyst Maps Next Levels

Altcoin Sherpa, a well-known crypto strategist, and analyst, recently made several price predictions for the cryptocurrency market in February 2023. In his recent tweets, he discussed his next levels for Bitcoin (BTC), Solana (SOL), Avalance (AVAX), and STEPN (GMT).

Timeline of Avalanche, Bitcoin, Solana

Bitcoin had a strong start this year but that sentiment might soon change. Especially now that fears of a recession are threatening to rip the proverbial bandage off the recovering market.

In theory, they were supposed to be put on the market in March of that year, but the launch eventually skipped, despite it being stated that there were $500 million in applications.

The crypto markets have been in a state of flux over the past few weeks, with Bitcoin and Ethereum prices both experiencing significant drops. This has been largely attributed to the recent US non-farm payrolls report, which showed stronger-than-expected job growth. As a result, sentiment in the markets has shifted to bearish and investors are now wondering how low Bitcoin and Ethereum prices could go. 

The Avalanche price analysis right now is negative. Bulls succeeded in extending the positive trend yesterday by trying to enhance the coin's value, but the price increase was modest.

Billionaire investor Tim Draper got a more challenging reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local entrepreneurs about cryptocurrency adoption.

3 February's weekly roundup of Avalanche [AVAX] pointed towards a general growth of the network. Notably, Ava Labs launched its new explorer for Avalanche P-Chain, which came with several useful features.

With gains of about 40% in 2023, Bitcoin (BTC) is enjoying the successful start of the year. Therefore, investors are hoping that the crypto can sustain the gains in the coming months.

Bitcoin (CRYPTO: BTC) was trading mostly flat during Friday's 24-hour trading session, holding strong compared to the S&P 500, which was declining about 1% in consolidation. Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) were also trading near their closing price on Thursday, in tandem with the apex crypto.

A widely followed crypto trader says Bitcoin's (BTC) current value of $23,571 offers potential promise for the future. Pseudonymous crypto analyst Rekt Capital tells their 334,500 Twitter followers that BTC's weekly close over $23,400 is a promising sign for the king crypto.

According to Glassnode data, the number of Bitcoin wallet addresses holding a non-zero balance could soon hit an all-time high, with the latest price rally that has seen the value of the world's largest cryptocurrency jump nearly 40% this year seemingly drawing in new investors.