One of the closely followed veteran analysts of the crypto world is an altcoin trying to maintain a critical support level. bitcoin He shared his opinions about it.
Michael van de Poppeon his Twitter account with 616,200 followers Ethereum Noting that the $950 level represents the “bottom” for (ETH), he predicted that if the leading smart contract platform exceeds $1,140, it could rise as high as $1,500.
“These are very important areas for Ethereum to monitor. At the moment there is a bounce in price and EUR/USD is showing a slight relief. If we can break $1,140, I think we will continue and make a significant rally towards $1,400-1,500 for ETH.”
In the continuation of the estimate bitcoin(BTC) thinks the recent dramatic capitulation has been exacerbated by the headline-making collapses of major projects like Terra (LUNA) and Celsius (CEL), despite the broader crypto markets pulling back.
Once the largest crypto asset by market cap recaptures the $22,000 level, it could rise another 36% to as high as $30,000.
“Yes, the markets needed a fix, but right now the value of crypto and Bitcoin is much lower than they should have been due to forced sales from 3AC, LUNA and more. Therefore, exceeding $22,000 will increase the price to $30,000.”
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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.