Renowned crypto analyst Michaël van de Poppe is optimistic about the future of digital assets, predicting a prosperous new era. Van de Poppe, who has a large following on social media platform X, believes that the current rally could be a life-changing opportunity for crypto investors who have weathered the recent market correction. With Bitcoin (BTC) experiencing a 10% increase in the past week, Van de Poppe identifies the $61,000 price zone as a crucial support level for the cryptocurrency’s next rally. He expects the positive momentum to continue, leading to significant gains in altcoins as confidence returns to the market.
At the time of writing, BTC is valued at $67,276, representing a 2.5% increase for the day. While most altcoins are following Bitcoin’s lead, Van de Poppe highlights one exception: Ethereum (ETH), the leading altcoin by market cap. He notes that ETH seems to be lagging behind, potentially indicating a reversal in its performance. This is further supported by the resistance faced by ETH’s dominance chart on a higher timeframe, as well as upcoming significant events such as the exchange-traded fund and lawsuits involving Ethereum.
ETH is currently trading at $3,111, showing a 5.5% increase in the last 24 hours. Van de Poppe advises investors to stay informed and exercise caution when making high-risk investments in Bitcoin, cryptocurrency, or digital assets. He suggests conducting thorough research and acknowledges that all transfers and trades are undertaken at one’s own risk. While The Daily Hodl, where this article is sourced from, does not offer investment advice or act as an investment advisor, it does participate in affiliate marketing.
