A widely followed crypto analyst says Bitcoin (BTC) could test the $24,000 range before moving up.
Crypto trader Michaël van de Poppe tells his 598,300 Twitter followers that BTC must break $29,600 to move back up into the $30,000 range.
“Bitcoin has cleared all the liquidity beneath the lows and dropped towards the $26,000 block.
There’s still a level around $24,000 left that could be tested, although the move becomes overextended.
If it wants anything upwards, a break above $29,600 is required.”
Bitcoin is trading for $29,381 at time of writing, down 3.15% in the last 24-hours. The leading crypto asset by market cap is down 26% over the last 30 days.
Looking at leading smart contract platform Ethereum, Van de Poppe says ETH had a decent bounce from its May 11th low of $1,824 to its current value of $1,982.
“Decent, Ethereum.
Let’s continue the bounce.”
Van de Poppe also gives his opinion on blockchain oracle LINK, a crypto designed to incentivize the use of the Chainlink network, which connects smart contracts and allows any blockchain to access real-world data.
“LINK at $6 is a once-in-a-lifetime opportunity.”
Chainlink is trading for $6.59 at time of writing, down 15% over the last 24 hours and down 52% over the last month.
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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 losses 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.
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