Popular crypto strategist and trader Michael van de Poppeexpects most crypto markets to put their weight back on after they fell this week.
Crypto analyst from his Twitter account with 493,000 followers, Bitcoin (BTC)He stated that he is looking at interesting price ranges for Ethereum (ETH) and several popular altcoins.
“We are in a short-term bounce in Bitcoin,” Van de Poppe explained, adding that price corrections are a healthy part of bull market cycles.
“I would like to remember that Bitcoin can correct even at $48-50k and still be in an uptrend. I’m waiting for the extension cycle to happen and a health fix to be part of it.”
Analyst looking to plan what he describes as “a charity rally” BTC Continuing to examine the chart, he stated that the first very important region for Bitcoin has been reached. We have witnessed a 16-18% correction and a short term support rally is also possible from this region, which is the case. Ethereum (ETH) The same goes for the graph.
At the time of writing, BTC is trading at $58,330 and ETH at $4,277.
Analyst, smart contract platform Cardano (ADA) He also spoke about We would also like to remind you that ADA dropped to $1.87 today, from the November 8 high of $2.38.
“Cardano is still in a correction process. Probably the ‘hatred’ will get stronger. This is something that concerns me. We are likely to see a correction in the $1.50 area, but I don’t expect any further corrections beyond that level.”
Analyst, Litecoin (LTC) Regarding , he highlighted one area of interest in the price chart.
LTC is trading at $220.22 at the time of writing.
Van de Poppe later developed a scalable blockchain platform for DeFi (decentralized finance) and DApps (decentralized applications). Phantom (FTM) took it. He noted that the native token FTM is at the first level between $1.50 and $2.00 interest points.
FTM rose more than 16% to $2.18 on the day.
Supply chain management blockchain VeChain (VET) Regarding 0.00000173 and 0.00000198 BTC if it can keep the range VETHe thinks that . has a chance to rise compared to BTC.
At the time of writing, VET is trading at $0.14.
The last asset on its list was RSR, the native token of the anti-inflationary Reserve Project, this coin is also Reserve (RSV) It also depends on the altcoin. While pointing out the range between 0.00000052 and 0.00000112 BTC, Van de Poppe said the following for the RSR altcoin:
“I expect RSR to get interesting relatively soon,” he commented.
RSR is trading at $0.03, up about 8% at writing time.
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.