Cryptocurrency Michael van de Poppe, one of the popular analysts of the world, shared the assets that he believes will strengthen before a pullback in the markets.
Posting on Twitter Michael van de Poppeclosely monitors assets including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) stated.
According to Van de Poppe, Bitcoin could reach the $38,000 to $42,000 price level before recording a correction. Ethereum, on the other hand, could target levels between $2,700 and $3,000. He believes that the peer-to-peer payment network Litecoin could go as high as $260.
At the time of writing, Bitcoin was trading at $29,441, Ethereum at $2,075 and Litecoin at $99.15.
The trader is also closely watching Avalanche (AVAX), which he predicts could rise to the $55-$65 levels. Stating that he is following the interoperable blockchain Cosmos (ATOM), Van de Poppe is targeting $35, while targeting $18 to $22 for the decentralized oracle network Chainlink (LINK).
#Chainlink to $18-22#avalanche to $55-65#Litecoin to $220-260#Ethereum to $2,700-3,000#Bitcoin to $38,000-42,000#Cosmos to $25-35
NEWS CONTINUES BELOWAnd then we’ll correct.
— Michaël van de Poppe (@CryptoMichNL) April 16, 2023
At the time of writing, AVAX was trading at $20.54, ATOM at $12.32 and LINK at $8.14.
Koinfinans.com As we reported, Van de Poppe, as for his short-term view on Bitcoin, predicts that if the bulls manage to reclaim $29,800, BTC can continue its uptrend.
You can follow the current price action here.