The popularity of crypto assets has increased rapidly in recent years and has gained an important place in the global financial industry. According to a widely followed analyst, interest in cryptoassets has been increasing lately and people are starting to understand the potential of these new digital assets.
As it is known, Europe’s first spot Bitcoin ETF is getting ready to be launched. Popular analyst Michaël van de Poppe says that in light of this development, the world is turning to crypto. told.
“The Bitcoin ETF will be released in Europe this month.
Not only is the US accelerating, but we will finally see some development in Europe as well.
We are opening our eyes to more and more cryptos.”
In addition to these, Van de Poppe also announced the target he expects to come true in his Bitcoin bullish prediction. According to the analyst, BTC could go up to $ 38,000.
“Bitcoin is holding $30,200 and will likely start looking at the top of the range again.
We will have another test and a quick break to $38,000.”
However, it is worth noting that the analyst also considered the possibility of a drop below $30,000. Despite this, he thinks that BTC is about to “fly” to higher highs, bringing with it altcoins like Litecoin (LTC).
“Bitcoin is ready to break up.
Back to support, all liquidity taken (and rightfully so, if we go below $30,000 we’ll drop to $29,300 but that seems like an overcrowded trading level.)
If we go above $30,500, we fly higher and altcoins like LTC rise.”
BTC is trading at $31,474 at press time, up 3.89% in the last 24 hours.
The crypto strategist who studies LTC in more detail thinks that Litecoin is inevitably on its way up.
Markets are reversing.
Let’s continue on #Litecoin. pic.twitter.com/tRFfJZ9uU2
— Michaël van de Poppe (@CryptoMichNL) July 13, 2023
You can follow the current price action here.