Top Crypto Analyst Plots Path for Potential Bitcoin Breakout, Updates Forecast for Ethereum


Popular crypto trader Michaël van de Poppe predicts Bitcoin (BTC) will breach $30,000 soon.

The crypto analyst tells his 605,300 Twitter followers how BTC can reach $32,800.

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“Simple, looking at $28,800 and/or $29,300 for continuation upwards on Bitcoin as we’ve been sweeping all the lows and touching that $28,200 zone.

If those hold, $31,000 and possibly $32,800 next.”

Source: CryptoMichNL/Twitter

Van de Poppe then shares a BTC chart illustrating his prediction for the leading crypto by market cap heading into June.

“Pretty much the view on Bitcoin.”

Source: CryptoMichNL/Twitter

Van de Poppe also predicts that if Bitcoin can break through $29,300, it will be “party time” for the flagship digital asset.

“Bitcoin bouncing on the range lows again, through which we could be assuming that that’s still the heavy support for now.

Breaking $29,300 and it’s, hopefully, party time.”

Source: CryptoMichNL/Twitter

Bitcoin is trading for $29,103 at time of writing, up 2.67% over the last 24 hours but still down approximately 0.65% from Van de Poppe’s $29,300 target.

Van de Poppe also looks at Ethereum (ETH), the second-largest crypto by market cap, trading against Bitcoin (ETH/BTC). The crypto analyst says since ETH/BTC has reached 0.6, he expects a bounce for the leading smart contract platform.

Related:  Bitcoin Price Trades A Little Over $24,000, Can It Target $27,000?

“And we’ve hit 0.06 on ETH/BTC, would be expecting a slight bounce here.”

Source: CryptoMichNL/Twitter

Ethereum is trading for $1,788 at time of writing, or 0.61 ETH/BTC.

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Featured Image: Shutterstock/jamesteohart/monkographic




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