Crypto Analyst Michaël van de Poppe Says Bitcoin, Ethereum and One ETH Competitor Are Close to Bouncing


Widely followed crypto trader Michaël van de Poppe is predicting price rebounds for Bitcoin (BTC), Ethereum (ETH) and one under-the-radar ETH competitor.

Van de Poppe tells his 606,900 Twitter followers that Bitcoin could be on the way to $31,800 after holding the $30,000 price level yesterday.

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“Bitcoin held the $30,000 level, so long would still be intact from the $29,300 region. Now flipping $30,300 would be continuation towards $31,800 possible.”

Source: CryptoMichNL/Twitter

Bitcoin is down slightly from $30,000 at time of writing, trading for $29,521, just above the $29,300 region highlighted by Van de Poppe.

Despite BTC’s drop below $30,000, the crypto trader is still optimistic about Bitcoin bouncing.

“Already filled a bit on BTC, but would be looking to see whether we close [Chicago Mercantile Exchange] gap here and bounce from there. 

Makes a lot of sense.”

Source: CryptoMichNL/Twitter

Van de Poppe’s optimism spreads from Bitcoin to Ethereum, trading for $1,758 at time of writing. The crypto analyst believes ETH is near a “potential bounce play.”

“Waiting for the $1,720 region on ETH for a potential bounce play.

The same goes for BTC around $29,000 after this harsh rejection.”

Source: CryptoMichNL/Twitter

Van de Poppe similarly sees Ethereum-rival Fantom (FTM) dropping slightly from current levels of $0.35 before bouncing with BTC and ETH.

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“Looking with FTM around the $0.32-0.33 range as well.”

Source: CryptoMichNL/Twitter

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Featured Image: Shutterstock/Mars0hod




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