Popular crypto analyst Michael van de Poppe updates his analysis on what levels Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA) should stay at after the crypto market correction this week. cryptocoin.com We have compiled Michael van de Poppe’s predictions for you, let’s examine them together…
Stunning Bitcoin, Ethereum and Cardano predictions from the master analyst
Michael van de Poppe: Bitcoin could drop to $28,000 if it breaks a critical level
Michael van de Poppe tells his 128,000 YouTube subscribers that the fix provides “a very nice entry point” for investors looking to enter the markets. Michael van de Poppe adds the following to his comments on the subject:
If you go back in history, September is usually a pretty bad month, but October and the rest of the year are usually pretty bullish.
Michael van de Poppe says that the critical level Bitcoin should hold at this stage is between $37,500 and $40,000. The analyst says that if BTC loses this level, it can retest $28,000.
Michael van de Poppe: The critical level for Ethereum is $ 2,600!
However, the analyst predicts that the bull cycle will continue and says that if BTC breaks above $44,000, it will continue to move upwards. According to CoinGecko, Bitcoin is trading at $43,800 at the time of writing. For Ethereum, Michael van de Poppe says the critical level to look at is around $2,600. If this holds, the analyst thinks that Ethereum (ETH)’s bull cycle will likely continue.
The analyst predicts that ETH will experience a “relief bounce” anywhere up to $3,500, then drop to a higher low, after which the price will continue to rise. Ethereum is trading at $3,112 at the time of writing. Michael van de Poppe said that for Cardano (ADA) to rise again, it must surpass $2.35. The analyst adds that Cardano “offers a great buying opportunity.”
Michael van de Poppe: After this last cycle, I will exit cryptocurrencies!
The analyst predicts that if ADA loses the level around $1.90, then it could drop as low as $1.50. The cryptocurrency is trading at $2.25 at the time of writing. Michael van de Poppe also states that he plans to exit cryptocurrencies completely after going through the bull cycle once again. Michael van de Poppe adds the following to his comments on the subject:
Am I afraid now? No, but I am very, very serious that we may be making one final round of this bull cycle before the financial crisis begins. Then I don’t want to own cryptocurrencies at all. Maybe stablecoins, but not in general. That’s when you want to make a lot of profit and that’s why you should be careful with your entries.
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