Cryptocurrency Michaël van de Poppe, one of the closely followed analysts of the world, shared his analysis of Bitcoin, Cardano, Fantom, Celer Network and Verasity. The analyst also shared his view on whether Bitcoin can reach its all-time high.
Poppe, a crypto strategist and trader who is closely followed by the crypto world, Cardano (ADA), Phantom (FTM), Celer Network (CELR) and Verasityof (VRA) when summarizing potential price action bitcoin‘of (BTC) predicts that it will soon revisit its all-time high.
Sharing his strategies and analysis via YouTube, Poppe stated in his new video that he is optimistic about Bitcoin and that as long as BTC stays above a “key level”, it can rise to the all-time high of $ 64,000.
“Bitcoin critical levels that we need to focus on at this point… BTC has caught a significant breakout to the upside, so we can continue to expect potential higher levels as long as $55,000 and $55,500 remain above $55,500. If this scenario I have outlined happens, we can expect BTC to rebound to its highs.”
Speaking about Cardano (ADA), the analyst stated that the smart contract platform will likely continue to bleed against Bitcoin (BTC/ADA) before setting a bottom.
“I wouldn’t be surprised if there is a corrective move to 0.000031 BTC ($1.77) – 0.000032 BTC ($1.89). Right now, you just want clear confirmation that a bottom is near.”
Based on the chart he drew, Poppe expects the ADA/BTC pair to reverse its downtrend once it reaches the support area on its way to start a rally towards $3.43 to 0.00006 BTC.
Regarding Phantom (FTM), he stated that FTM is looking for a pullback before continuing an uptrend, saying:
“If you want to trade in Fantom; You should focus on the area around $1.68 to $1.48. If FTM reaches these levels, it will offer you very good opportunities.”
As for Celer Network, he noted that the Tier 2 scaling platform is currently bearish against Bitcoin (CELR/BTC). It targets 0.000002 BTC ($0.11) as a potential entry point.
The last coin on the trader’s list was Verasity, the next-generation video sharing protocol. He stated that VRA also needs correction in order to ignite a rally above 80% from the entry point.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.