• Bitcoin is currently trading at $23,082 while Ethereum has dropped 0.15% and is now trading at $1,500 area
• Crypto analyst Altcoin Sherpa predicts a bullish target for DYDX, GMX, and Injective
• Altcoin Sherpa claims that Bitcoin’s current trade pattern is similar to the late 2018 and early 2019 cycle

Bitcoin Price Mirrors Late 2018 Pattern

BTC price strongly holds in the $23K trade level with most of the large cap cryptocurrencies turning red. Bitcoin is down 0.15% while Ethereum has dropped to the crucial level of $1,500. The crypto market is currently flashing a mixed signal.

Bullish Target Predicted By Altcoin Sherpa

Crypto strategist and trader Altcoin Sherpa predicts a bullish target for DYDX, GMX, and Injective as they are performing well during this market shift between ups and downs. All three decentralized altcoins have seen an increase in their value over the past 24 hours with DYDX surging 23.31%.

$30K Imminent?

Altcoin Sherpa believes that Bitcoin is trying to display a similar pattern to its late 2018 and early 2019 trade cycle where it had spiked from $3,000 level to that of $14,000 area before dropping back down again. He believes this could be a sign that BTC could soon surpass its all-time high of $25,000 and reach new heights of up to $30K in the near future.

Current Market Situation

The crypto market situation remains uncertain as many large cap cryptocurrencies have turned red but Bitcoin and Ethereum are still holding strong in their respective levels for now. Meanwhile DYDX (trading at $3.14), GMX ($57.7) and Injective ($3.30) continue to show signs of strength despite the fluctuating market conditions.

Conclusion

Overall it appears that Bitcoin may be on track to mirror its previous late 2018/early 2019 bull run trend which could see it hit new highs above its current all-time high of over 25k soon enough – possibly reaching prices as high as 30k if everything goes according to plan!