The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • 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
    • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • 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 Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Popular Analyst Predicts Sharp Rallies for Bitcoin and Crypto Markets, Says Latest Pullback Flashing 2018 Bear Market Bottom Vibes

by Daily Hodl Staff
August 23, 2022
in Bitcoin, Ethereum, Trading

A widely followed crypto strategist says that the recent sell-off in the crypto markets is reminiscent of the 2018 bear market bottom.

Michaël van de Poppe tells his 623,200 Twitter followers that he’s keeping a close eye on the TOTAL chart, which tracks the overall market cap of all crypto assets.

According to the crypto analyst, he’s waiting for TOTAL to retest the 200-week moving average (MA) just like it did during the 2018 crypto winter bottom.

“Where are we at this point? I’m seeing similar price action as Q4 2018.

Bounce from 200-week MA on the total market cap crypto.

Rejection and retest taking place, higher low being granted -> acceleration upwards after.

Very comparable price action.”

Image
Source: Van de Poppe/ Twitter

At time of writing, TOTAL is hovering above the 200-week MA at $1.002 trillion.

Looking at Bitcoin, the crypto strategist says BTC is still in a sideways accumulation phase but warns traders that the king crypto could still drop to around $19,000. After the brief correction, Van de Poppe sees BTC rallying in alignment with his predicted rise of the crypto market cap.

“Bitcoin scenario, I think, is quite likely.

In this case:

Bullish divergence is being created on a weekly timeframe.

Sweep of the lows for liquidity (or retest)

Total market capitalization 200-Week MA remains intact.

Accumulation period overall for investors.”

Image
Source: Van de Poppe/ Twitter

At time of writing, BTC is valued at $21,390, flat on the day.

As for Ethereum, Van de Poppe says ETH bulls should keep a close watch on a crucial support level.

“If we continue to drop, it’s important to keep an eye on the $19,300 level for Bitcoin and probably $1,400 area for Ethereum. Buyers should regularly step in around those zones.”

At time of writing, ETH is swapping hands for $1,630, up 1.30% in the last 24 hours.

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

Check Price Action

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/YUCALORA/Javvani

Submit a Press Release

Industry Announcements

  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,501.37
$27,501.37
2.41%
Ethereum
$1,749.07
$1,749.07
2.89%
Cardano
$0.360973
$0.360973
4.19%
XRP
$0.423406
$0.423406
8.5%
Dogecoin
$0.074472
$0.074472
1.88%

Spotlight

  • Cardano Creator Charles Hoskinson Slams Politicians for Blaming US Banking Crisis on Crypto
    March 20, 2023
  • Top Analyst Predicts Ethereum Explosion, Updates Outlook on Binance Coin and Two Low-Cap Altcoins
    March 20, 2023
  • Here’s a Realistic Scenario for Bitcoin Before Next Bull Market, According to Analyst Benjamin Cowen
    March 20, 2023
  • FBI Says Crypto Scams Skyrocketed 183% in 2022, Causing $2,570,000,000 in Losses
    March 20, 2023
NBX Warsaw Summit Banner
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 | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 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 Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl