Top crypto analyst dives into Bitcoin and Ethereum, says two altcoins are going through the roof

[ad_1]

A widely followed crypto analyst claims that the next “massive cycle” for Bitcoin (BTC) and Ethereum (ETH) has only just begun.

Crypto trader Michal van de Poppetell, with 646,700 Twitter followers, says we’ll all be laughing at current BTC and ETH prices in just a few years.

“The funny thing is that in a few years we will be laughing at current valuations.

Bitcoin at $200,000 or more, Ethereum being adopted everywhere.

We are at the beginning of such a massive cycle.

In the shorter term, Van de Poppe is keeping an eye on the $1,450-$1,600 range for Ethereum.

“Ethereum still on crucial support. If we bounce, then I’d be interested in around $1,600 for shorts.

Long probably at $1,450.

Source: Michal van de Poppe/Twitter

ETH is trading for $1,596 at the time of writing.

When it comes to crypto king BTC, the analyst says she is not interested in going long at Bitcoin’s current price levels.

“Bitcoin breaks higher and tests this level at $23,600, only to reject it immediately.

The question today will be whether GDP will again push prices to new highs or if we will drop below $22,900, which signifies lower prices ahead.

Not very interested in longs here.

Source: Michal van de Poppe/Twitter

BTC is trading for $23,015 at the time of writing.

Moving on to altcoins, Van de Poppe says that ETH rival Fantom (FTM) and ETH layer 2 solution Polygon (MATIC) are currently taking off.

“FTM and MATIC go through the roof.”

Indeed, FTM is trading at $0.49 at the time of writing, up 18% in the last 24 hours. MATIC is up 13% over the same period.

With FTM and MATIC outpacing most markets, Van de Poppe points out some of the hypocrisies of trading psychology, mentioning FTM, MATIC and Aptos (APT) as examples.

“People are so eager to rush APT, FTM and MATIC right now.

However, a month ago the same people were so eager to sell all their crypto that we would go for $10,000.

Aptos is trading at $17.87 at the time of writing, up 11.6% from the last day.

Don’t miss a beat Subscribe to receive crypto email alerts straight to your inbox Check price action Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check the latest headlines Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Generated Image: Midjourney

[ad_2]