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

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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.

“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.

“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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