One of the popular analysts and traders of the crypto world shared his possible price predictions for three cryptoassets as the markets prepare for the summer season.
Crypto analyst and trader Michaël van de Poppe shared on his 608,100-follower Twitter account that he thinks that the recovery of Bitcoin (BTC) from the recent price drops could mean that both BTC and altcoins are ready to “run” this month.
“bitcoinThe recovery of this move raises the possibility of a relief rally for the remainder of this month. Altcoins on the daily timeframe are also starting to look better. This could help trigger a 50-100% relief rally for some of the altcoins!”
Van de Poppe, who closely follows Bitcoin, defines the $ 30,400 level as the ‘ideal support’ level and stated that after this support is successfully held, the BTC price may rise to $ 35,000.
“When it comes to Bitcoin, it’s back to resistance and it’s been floating around like crazy. I expect the $30,400 level to hold as support. If it can hold, I assume we’ll see $32,800 and potentially $35,000.”
At the time of writing, Bitcoin was trading around $30,000.
The next crypto asset on Van de Poppe’s list is the decentralized oracle network Chainlink (LINK) it happened. The analyst thinks that the altcoin’s strength at $7.25 means that what was once seen as resistance (R) can now turn into a support level (S).
Chainlink is trading at $9.21, up 7.92% in the last 24 hours.
The last crypto asset on the investor’s radar is the NFT marketplace. XAcademy Network (XCAD) it happened.
Van de Poppe talked about XCAD looking strong and the project’s highly anticipated livestream event on June 16.
“XCAD is showing strength as it moves towards $5 and a crucial level. Note that if we break $4.80-5.00 then $6 and $8 are on the horizon + 16th big improvement for XCAD.”
At the time of writing, XCAD Network was trading at $5.05 and had gained 8.20% in the last 24 hours.
You can follow the current price movements here.
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.