Michaël van de Poppe, a popular crypto analyst and trader, shares his predictions for some of the leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) as the markets rally. We also share the analyst’s shares cryptocoin.com We have prepared for our readers.
BTC, ETH, XRP, VET and EGLD forecasts
Legendary crypto analyst Michaël van de Poppe says that if the leading crypto can hold the $42,000 support level, greener grassland may be on the horizon:
If BTC holds the $42,000 area, I assume we will start looking upwards. Above $43,000, we could accelerate towards $46,000 as there isn’t much of a hurdle for Bitcoin.
The analyst then looks at two key levels to see where Ethereum, which has recently recovered from a one-month decline, is heading:
Good bounce from Ethereum. The levels I’m watching are $3,350 and $3,600 for more bullish perspective.
The analyst is moving to Ripple (XRP), which last traded above a dollar on December 23 and has been trading between $0.70 and $0.80 last week. The analyst highlights how XRP is trading in the same range on its chart as it was just before the breakout last summer:
Honestly not the worst level to look at XRP
Evaluating the EGLD/BTC parity to the enterprise-level scalable Blockchain platform Elrond (EGLD), the analyst draws attention to the range of 0.004217 to 0.004834, which the altcoin hit in November and December of last year before its latest big breakout:
EGLD may have bottomed out.
The analyst completes his crypto predictions by examining VeChain (VET) on the VET/BTC pair. The analyst thinks the VeChain chart reflects the past price action and VET could explode after further consolidation in the support range:
VET is showing moves comparable to the price action we saw in 2020-2021. It failed to break a very important resistance. There will be some more consolidation until a new impulse move starts.
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