While the crypto markets are going through a period of largely sideways price action, popular strategist and trader Michaël van de Poppe has revealed his price predictions for a number of popular cryptocurrencies.
Crypto analyst to 513,000 Twitter followers once the current market cycle is over Bitcoin (BTC) He says he believes it will peak between $350,000 and $450,000.
Ethereum (ETH) The analyst, who predicts that it will be priced in the range of $ 10,000 to $ 17,500, Polkadot (DOT) and Chainlink (LINK) argues that both will trade in a range of around $250 to $350.
Van de Poppe, who also examined other altcoins; Cardano (ADA) will reach the region of 10 to 20 US dollars, Zilliqa (ZIL) It will cost between $5.00 and $7.00, and Elrond (EGLD) He estimates it to be worth between $1500 and $1750. DIA (DIA) while it is last on the analyst’s list with a price prediction of between $50 and $75.
Van de Poppe also outlines his approach to Bitcoin as king crypto remains below $60,000 and says he believes when is the right time to buy altcoins.
“Pretty simple. Below $60K I’ve remained cautious/bearish as I want to see that area change.
Levels to be followed in purchases; For Bitcoin, the 53K-54 thousand dollars region and 47-50 thousand dollars regions.
When should you buy altcoins? December. Nothing has changed since the last few weeks.”
The analyst then assesses a larger bearish scenario for BTC where it could survive below $56,000. Poppe envisions a scenario where Bitcoin could drop below $50,000 and change within that range, until a breakout from February to March 2022.
“If $56,000 is lost, that’s still a possibility for Bitcoin.”
Van de Poppe concludes his analysis by looking at Cardano on the Bitcoin chart. According to him, 2350 satoshis is an important base level for the ADA/BTC trading pair and a potential break above 3000 satoshis could occur in a few months.
“Cardano is very simple.
We copy/paste the 2020 structure, which was greatly corrected in the second quarter of the year.”
The crypto assets on Van de Poppe’s prediction list are priced as follows:
- Bitcoin (BTC): $56,731
- Ethereum (ETH): $4,495
- Polkadot (DOT): $35.89
- Chainlink (LINK): $24.74
- Cardano (ADA): $1.74
- Zilliqa (ZIL): $0.08
- Elrond (EGLD): $357.79
- DIA (DIA): $1.85
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.