Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Michaël van de Poppe Updates His Outlook on Bitcoin (BTC) and Three Altcoins As Markets Stumble

by Daily Hodl Staff
January 7, 2022
in Altcoins, Bitcoin, Trading

Widely-followed crypto trader Michaël van de Poppe sees bullish signs for Bitcoin (BTC) and one other altcoin while naming support zones for two popular smart contract platforms.

In a recent series of tweets, Van de Poppe tells his 551,000 followers that Bitcoin’s price action is “creating a bullish divergence.”

“The lower timeframe on Bitcoin is creating a bullish divergence while being in massive support at $41K. 

If it breaks $42.8-42.9K, a test of $46K is likely to happen and, then, the bullish divergence plays out.”

Image
Source: CryptoMichNL/Twitter

Bitcoin is currently trading at $42,011, just south of the crucial bullish divergence breakthrough levels identified on Van de Poppe’s chart.

Looking at the second-largest crypto by market cap, Ethereum (ETH), the trader predicts the bottom may be near despite a recent downward trend.

“Ethereum has been trending south heavily but actually hitting a massive area on the previous resistance at $3,320. 

The next important level after the block is between $3,500-3,600. 

Might be close to a bottom too.”

Image
Source: CryptoMichNL/Twitter

Ethereum is exchanging hands for $3,208 at time of writing, again just south of the crucial resistance levels identified by Van de Poppe’s chart.

When analyzing the price action of Cardano (ADA), Van de Poppe still sees the seventh-ranked crypto asset by market cap relying heavily on a support zone.

“Not much has changed on ADA. 

Still on the lower bound of the range, which is heavy support. 

Not the range to look for shorts, I’d rather look for longs.”

Image
Source: CryptoMichNL/Twitter

Cardano is currently trading for $1.24, well within the support band highlighted by Van de Poppe’s analysis.

Lastly, the crypto analyst looks at enterprise solution blockchain VeChain (VET), which he analyzes against the price of BTC.

“VET looks strong, but still needs to break above that level around 205-210 sats [$0.086-$0.088]. 

If that’s the case, bullish continuation is very, very likely.”

Image
Source: CryptoMichNL/Twitter

Van de Poppe also identifies the 0.00000150 BTC [$0.063] region as a support zone for VET to retest before taking off on a bullish continuation.

At time of writing, VeChain is trading for $0.080, 27% above the support zone identified by Van de Poppe.

Check Price Action

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

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
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.

Featured Image: Shutterstock/klyaksun/Sensvector

Submit a Press Release

Industry Announcements

  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
  • NFTs Accessible to All With Launch of Fiat-Focused SIMBA Market
    June 23, 2022
  • Korea Blockchain Week To Hold First Live Event in Seoul After Covid Hiatus
    June 23, 2022
  • CoinLoan Partners With Elliptic To Provide Crypto Users With Top-Notch Security
    June 22, 2022
  • Gate.io – The Crypto Winter Is a Good Time To Accelerate Web 3.0
    June 21, 2022
  • How the Earliest Soulbound Use Case Creates Real Web 3.0 Heroes
    June 21, 2022
  • ADI Whitelist – A Universal Identity Layer by Accumulate
    June 20, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$21,456.00
$21,456.00
0.07%
Ethereum
$1,234.59
$1,234.59
0.86%
Cardano
$0.507391
$0.507391
2.08%
XRP
$0.365059
$0.365059
0.5%
Dogecoin
$0.078197
$0.078197
8.92%

Spotlight

  • Crypto Mom Commissioner Hester Peirce on Target – Again
    June 21, 2022
  • Crypto Analyst Michaël van de Poppe Predicts Bitcoin Bounce Incoming, Plots Path Ahead for Ethereum Rivals Cardano and Fantom
    June 24, 2022
  • Analyst Says Solana (SOL), Polygon (MATIC) and One Additional Altcoin To Come Out Alive From Crypto Bear Market
    June 20, 2022
  • Citibank Building Crypto Custody Service, Says Mass Digitization of Traditional Investments Taking Place
    June 22, 2022
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

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 •
Futuremash •
Industry Announcements

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl