Widely followed crypto trader Michaël van de Poppe is predicting price rebounds for Bitcoin (BTC), Ethereum (ETH) and one under-the-radar ETH competitor.
Van de Poppe tells his 606,900 Twitter followers that Bitcoin could be on the way to $31,800 after holding the $30,000 price level yesterday.
“Bitcoin held the $30,000 level, so long would still be intact from the $29,300 region. Now flipping $30,300 would be continuation towards $31,800 possible.”
Bitcoin is down slightly from $30,000 at time of writing, trading for $29,521, just above the $29,300 region highlighted by Van de Poppe.
Despite BTC’s drop below $30,000, the crypto trader is still optimistic about Bitcoin bouncing.
“Already filled a bit on BTC, but would be looking to see whether we close [Chicago Mercantile Exchange] gap here and bounce from there.
Makes a lot of sense.”
Van de Poppe’s optimism spreads from Bitcoin to Ethereum, trading for $1,758 at time of writing. The crypto analyst believes ETH is near a “potential bounce play.”
“Waiting for the $1,720 region on ETH for a potential bounce play.
The same goes for BTC around $29,000 after this harsh rejection.”
Van de Poppe similarly sees Ethereum-rival Fantom (FTM) dropping slightly from current levels of $0.35 before bouncing with BTC and ETH.
“Looking with FTM around the $0.32-0.33 range as well.”
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