The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Crypto Analyst Plots Huge Bitcoin Breakout, Ethereum’s Resistance Levels and XRP’s Attempt to Play Catch-Up

by Daily Hodl Staff
November 6, 2020
in Altcoins, Bitcoin, Trading

Crypto analyst and trader Michaël van de Poppe says he believes Bitcoin’s big breakout is not over yet.

The analyst says his eye is on BTC’s weekly close as the top cryptocurrency targets $16,000.

“Last hours are showing acceleration as we’re approaching next weekly level around $16,000.

The U.S. stocks are also doing their work as they’re up about 7% (Nasdaq) in the previous 36 hours. Let’s see where BTC will end, before or after $16K.”

Source: Michaël van de Poppe

The analyst says he thinks Bitcoin will surpass its all-time high early next year, and he’s looking for healthy corrections along the way.

“It’s intriguing that accounts shout that BTC has an easy ride from here towards $20K. I don’t see that happening in one go. Sideways, corrective movements would fuel an even stronger move. New ATH Q1 2021 most likely.”

In a series of strategy sessions, Van de Poppe says ETH’s next line of resistance is $450. ETH needs to hold above $378 to support a sustainable rally, he says, with the “critical level” established between $368 and $378.

As for XRP, the analyst says traders should wait for the crypto asset to build sustainable momentum and surpass the 30 cent mark before buying.

“If we reclaim 1900 sats, I’d be definitely interested. If we get a bounce up and we jump back down again and reclaim this level here [at 1660 satoshis] we are establishing that will also mean that we have a bullish divergence and that will trigger a long entry.”

Check Latest News Headlines


 
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.
Submit a Press Release

Industry Announcements

  • LandX Closes Private Round Securing Over $5 Million in Private Funding
    December 4, 2023
  • Chromia Confirms Mainnet Release in 2024
    December 4, 2023
  • CAGA Crypto – Decentralized Financial Movement Unveiled on MEXC and Bitget
    December 4, 2023
  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$41,816.20
$41,816.20
2.25%
Ethereum
$2,230.37
$2,230.37
0.14%
Cardano
$0.404558
$0.404558
0.83%
XRP
$0.619102
$0.619102
1.8%
Dogecoin
$0.08984
$0.08984
2.11%

Spotlight

  • Bitcoin (BTC) About To Repeat 2020–2021 Rally to $60,000, According to Crypto Strategist
    November 27, 2023
  • ‘Decision Time’ for Ethereum Imminent, Says Crypto Analyst Benjamin Cowen – Here’s What He Means
    November 27, 2023
  • Trader Warns Chainlink (LINK) at Risk of Correction, Updates Outlook on Ethereum-Based Altcoin
    November 27, 2023
  • $524,000 Bitcoin Price Possible Over Next Four Years, According to On-Chain Analyst PlanB – Here’s Why
    November 27, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl