Famous Youtuber and crypto analyst Michael van de Poppe suggested that altcoins will witness a real awakening if Bitcoin (BTC) breaks the $ 30 thousand resistance.
Michael van de Poppe has shared his thoughts on Bitcoin and altcoins in several recent social media posts. shared. Stating that Bitcoin is moving in a consolidation zone, the analyst said, Breaking the $30,000 level He stated that in the event of a serious rise in altcoins, there may be a serious increase:
bitcoin still consolidating on a good bounce and waiting for the uptrend. With the break of 30 thousand dollars, altcoins will wake up.
On the other hand, pointing out that the consolidation process may result in short pullbacks for Bitcoin, Poppe said that the price of a possible correction. 27,600 can drop to the dollar level. added to his statements. According to the analyst, if Bitcoin can hold at this level, it will again $28,000 and for higher prices can make a splash.
$28,600 continues to act as resistance for bitcoin. We would like to see the price contact support again in the current structure. This level equates to $27,600. If we hold the support and rise again, the move will continue until $28,600 is retested.
The analyst also states that at this stage where Bitcoin is looking for a bottom, Ethereum (ETH) And altcoins more a solid stance exhibiting stressed.
CoinGecko data in the last 24 hours %one depreciating bitcoinat the time of writing at $27,940 is being traded.
