Here’s what Bitcoin, Ethereum, Cardano and Polkadot investors should watch out for next, analyst Michal van de Poppe says

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Popular crypto analyst Michal van de Poppe describes the main levels of support for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Polkadot (DOT).

In a new video, van de Poppe says that at this point, $ 36,000 is an acceptable level for Bitcoin, but the price of the best crypto shouldn’t drop much below that level.

All this level between [$35 thousand] To [$36.5 thousand] this is where I am looking. Right now we’re probably going to have some kind of relief rebound for [$39 thousand] before that we will most likely continue to fall at this point.

All that is bullish that I watch is either a reversal of [$39.3 thousand] this will trigger the pursuit of [$40.8 thousand], but if we really want to start pushing higher, [$40.8 thousand] is the level you should be looking at.

As for Ethereum, van de Poppe says he is considering two price points to buy the second largest crypto by market cap.

“One is around [$2,300], the second is around [$2,150], which is similar to Bitcoin goes [$36 thousand]. On the upside we just lost support so if we crack and go back [$2,530], that would generate a bullish pursuit and we are probably testing the highs again and we also have [$2,600] as a potential breaker here, so I’m looking at a slight bounce.

Van de Poppe says investors can look at Ethereum’s performance against Bitcoin to gauge the profitability of altcoins such as Polkadot.

“Where Bitcoin hits a new low, Ethereum vs. Bitcoin hits a new high in this trend through which you’re going to look for that low to happen here, so anywhere in this region around 0.06 is where you should look for longs for altcoins.

If you look at altcoins, for example, with Polkadot, you can see that we have hit those lower lows and are changing the trend. So where do you look for potential long positions on Polkadot? You’re going to look at anything in that $ 14-16 range like a flip, maybe high 13s that should flip.

Van de Poppe also says that Cardano is bullish and has seen a big rebound from support.

He is looking to see if ADA can hold support at the $ 1.25 level. On the positive side, he says a sustained breakout of the $ 1.47 level is the next region to watch.

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