Well-known crypto analyst Michaël van de Poppe anticipates a new move in the crypto markets, after a week of mostly sideways trading. Van de Poppe has a solid following, with over 660,100 followers on his Twitter account, where he provides regular analyses and projections on top cryptocurrencies including Bitcoin (BTC), Chainlink (LINK), and Stellar (XLM).
Bitcoin’s Significant Move
Among the cryptos, Bitcoin, often referred to as ‘the king of crypto’, has been highlighted by the analyst. Via his tweet, he suggests that a significant move is in order and indicates the upswing could potentially direct the crypto markets.
Summarized Version:
- Bitcoin (BTC) nearing a significant move, possibly crossing $30,300-30,500
- This move will result in an across-the-board strengthening of the crypto market.
- Chainlink (LINK), an oracle network token will reach above $8.
- Bitcoin (BTC) will revert back to around $31,000.
Source: Michaël van de Poppe/Twitter
Bitcoin’s Detailed Analysis
Moving on to a more detailed analysis of BTC, Van de Poppe forecasts another sweep for Bitcoin if it fails to break through the crucial area. As of writing, the current worth of BTC is down by 3% over the last week, with its price standing at approximately $29,714.
“Not breaking the crucial area, seems like we’re going to have another sweep of the low for Bitcoin.”
Source: Michaël van de Poppe/Twitter
Chainlink’s Potential Expansion
Next up, Van de Poppe explores the domain of blockchain oracle Chainlink (LINK). Based on the Ethereum (ETH) platform, he envisages this particular altcoin to further expand.
“There we go on Chainlink.”
Source: Michaël van de Poppe/Twitter
Stellar’s Potential Trades
Focusing on Stellar (XLM) regarded as a rival to XRP, Van de Poppe observes the $0.14 price zone as potentially attractive for making longer-term trades on this unusually volatile altcoin.
“Missed the trade at $0.12 on XLM. If I get the chance, I’ll be looking at longs at $0.14 for a play.”
Source: Michaël van de Poppe/Twitter
Current Market Situation
As things stand, XLM is currently trading at $0.163, an increase of 15% in the last 24 hours. To sum it up, Van de Poppe has a positive outlook on these cryptocurrencies and expects potential growth if his predictions materialize.
His analysis and predictions are meticulously followed by thousands of crypto enthusiasts on Twitter and provide valuable insights and potential future directions in the crypto markets.