Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Analyst Michaël van de Poppe Outlines Key Levels To Watch After Bitcoin and Ethereum’s Big Breakouts

by Daily Hodl Staff
February 18, 2021
in Bitcoin, Ethereum, Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Popular trader and crypto strategist Michaël van de Poppe is revealing key price levels that he believes will determine the short-term fate of Bitcoin and Ethereum.

In a new YouTube video, Van de Poppe tells his subscribers that while he is long term bullish on Bitcoin, there are critical support levels that the flagship cryptocurrency must hold in the short term in order to continue its ascent to higher highs.

ADVERTISEMENT

“The higher timeframe chart for Bitcoin is showing a very massive move. It’s showing that we still have much more to gain as well, and it shows that the 2017 Bitcoin bubble was just a minimal one as we are currently in the real big super cycle…

I would prefer to hold this level here between 47.5 and 48.4 for support. If that sustains support, we most likely continue grinding and then the target zones that I have described – $53,000 and $63,000 – are very likely to be hit.”

If the $47,500 level is lost, Van de Poppe says BTC is likely headed south towards $44,000. From there the trader believes the asset will either plunge further down, retesting the $38,000 level, or it will break back up towards previous resistance around the $48,000 range.

As for Ethereum and the altcoin market at large, Van de Poppe notes that their movements appear to be following Bitcoin for now.

“If Bitcoin starts to correct, most likely altcoins will correct more… The level to watch for Ethereum is this zone here, between 0.0295 and 0.032 sats. If that holds, we get another higher low. Basically, you don’t want to see it drop below. 0.025 sats. But if we get in those regions, I’m eager to look for a new long entry on Ethereum, and I’m eager to suspect that… we’re going to make a big break later on this year.” 

The trader predicts that if Ethereum holds the aforementioned prices, it could reach $4,000-$5,000 this summer.

Van de Poppe expects that the Bitcoin dominance chart will see a correction over the next 4-5 weeks, causing altcoins to suffer in their BTC pairs until the spring.

“It might be taking three, to four, to five weeks until we get into this area here for the dominance chart of Bitcoin (68.21). That is the moment you are going to want to be exposing yourself heavily to altcoins again.”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


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/Dave Massey

Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$47,809.00
$47,809.00
0.78%
Ethereum
$1,550.99
$1,550.99
3.62%
Binance Coin
$223.15
$223.15
1.88%
Polkadot
$32.83
$32.83
2.69%
Cardano
$1.11
$1.11
4.42%
XRP
$0.457705
$0.457705
1%
ADVERTISEMENT

Spotlight

  • Top Analyst Predicts XRP Is Ready To Erupt – Here’s Why He’s Not Buying In
    February 28, 2021
  • Bitcoin Breakout Signal Shows Top Crypto Likely Heading to $100,000 As Investors Choose BTC Over Gold: Bloomberg Analyst
    March 4, 2021
  • The Elon Effect – Companies Now Racing for a Piece of the Bitcoin Pie
    March 1, 2021
  • IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens
    March 5, 2021

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.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.