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.
Track live crypto price of 10000+ coins!
“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.”
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.”
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.”
Van de Poppe similarly sees Ethereum-rival Fantom (FTM) dropping slightly from current levels of $0.35 before bouncing with BTC and ETH.
“Looking with FTM around the $0.32-0.33 range as well.”
Disclaimer: 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 loses 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.
Featured Image: Shutterstock/Mars0hod
Download MAXBIT Android App, Your best source of all crypto news!
Share this article: