According to popular and respected cryptocurrency analyst Michael van de Poppe, BTC and ETH are at the beginning of a new bullish cycle. Van de Poppe He further told his 646,700 Twitter followers that the prices of BTC and ETH would be so high in the next few years that their current prices would sound unbelievable.
BTC/USD Chart by Tradingview
“The funny thing is that we will be laughing at the current prices of BTC and ETH in a few years. BTC will be trading at over $200,000, while ETH would be widely adopted. We are about to embark on a great bullish cycle.” Van de Poppe predicts that ETH will soon trade around the $1,450 to $1,600 level.
ETH is currently trading around its crucial support. Therefore, a bounce is likely, and I would go for the $1,600 level to go short or $1,450 to go long.
Our data shows that ETH is currently trading at $1,578, down 1.6% in the last 24 hours.
Van de Poppe’s price predictions for BTC and two altcoins
Regarding the leading digital asset (BTC), van de Poppe said that he would not target any long entries at the current BTC price.
BTC has not been able to break above the $23,600 level. However, today’s GDP data will determine whether BTC will break through this resistance or continue to trade below its current price. Therefore, I will not aim for any long posts at this time.
At the time of writing this article, BTC trades at $22,968. Meanwhile, the respected cryptanalyst also shared information about Phantom (FTM) Y Polygon (MATIC). Van de Poppe says that both altcoins are flying through the roof right now. In fact, our data shows that FTM is up 15.78% in the last seven days and is trading at $0.461, while MATIC is up 10.37% in the same period.
Both altcoins are the best performers among the top digital assets on the market. With particular reference to fit (APT), FTM and MATIC, van de Poppe condemned the hypocrisies in trading psychologies exhibited by traders. According to him, many traders are now looking for entry points in MATIC, APT and FTM.
However, these same traders were willing to sell their digital assets last month when the crypto winter hit the hardest. Meanwhile, APT is trading at $5.27 and is up 40.64% in the last seven days.
Santiment analysts share reasons for the rise in prices of AAVE, MATIC and DYDX
Meanwhile, analysts at an on-chain analytics firm Santiment have revealed the reasons for the rise in prices of three altcoins (AAVE, MATIC, and DYDX). According to analysts, large volume accumulations by whales have been responsible for the rise in prices of these three digital assets. Analysts added that whale accumulations have peaked since last month.
AAVE is the governance token of a platform built by Ethereum, while MATIC is the native token of Polygon, an Ethereum Layer 2 scaling solution. Meanwhile, DYDX is the native token of a decentralized exchange (DEX) where users can lend their digital assets and conduct crypto transactions in a trustless environment.
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