cryptocoin.com Cryptocurrency analysts, who are famous for their previous Bitcoin (BTC) collapse predictions, have announced critical levels for these altcoin projects! Here are the details…
Willy Woo has announced critical levels for Bitcoin and this altcoin!
Popular crypto analyst Willy Woo points out that Bitcoin has entered the accumulation phase again, in his statements to his more than one million followers on Twitter. The analyst shared a chart that shows the cost basis of long-term investors, or those who have held Bitcoin for at least 155 days, and short-term investors. While Woo cites that short-term investors have a lower cost base than long-term investors, this reflects that Bitcoin has seen a bear market bottom in the past few months and is now about to enter a new phase. Here are the words of the analyst:
Bottom signals are given when short-term traders buy at lower prices than long-term traders. We are coming out of this situation right now.
The analyst also says that “April will be an interesting month to watch” for BTC as sellers are nowhere to be seen up to $40,000. Volatility is almost certain to increase.” in his words.
Woo states that the price stability of the leading crypto Bitcoin has formed a peak, which may be an indication that the price is about to rise. stands out with his words.
Instantly, Bitcoin is trading at $ 30,243.16.
A critical statement came from the popular strategist: “With BTC, these altcoins can rise!”
On the other hand, Michael van de Poppe, a closely followed strategist, tells his 652,700 Twitter followers that if BTC exceeds the $30,000 resistance, Bitcoin will rise to the level of $ 46 thousand. He states that this could be a breakout rally. According to the crypto strategist, a shift in the Federal Reserve’s hawkish stance could act as a catalyst for Bitcoin to rise. Here are the words of the analyst:
Bitcoin is still moving towards the higher timeframe resistance at $28,000-30,000. Powell’s policy of raising interest rates is likely coming to an end.
If Bitcoin breaks $28,000-30,000, $40,000 and $46,000 are next, and significant breaks in altcoins are likely due to confidence.
However, commenting on XRP, Van de Poppe says that the sixth largest crypto asset can start its next leg after breaking the $0.53 resistance. Here are the analyst’s words:
It shows strength and this is usually a signal for altcoins to show strength as well. Now, it’s stuck in a range. We primarily focused on entries in the $0.455 and $0.48 range. If we break $0.53 and flip it, I think we will see the next impulse move.
Instantly, XRP is trading at $0.516308.
Another altcoin on the radar of investors is the video-sharing blockchain network Verasity (VRA). According to Van de Poppe, VRA could be poised for a big bang on its way to gaining over 230 percent. Here are the analyst’s words about VRA:
Earlier, during the big break to the upside, I mentioned that there would be a pullback and I marked the $0.004 level for the VRA. We didn’t get there but we did see a correction and some stabilization up to $0.005. It seems likely that we consolidate before the next rally to $0.02.
Instantly, VRA is trading at $0.00667412 and has gained 6 percent in the last 24 hours.
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