{"id":19413,"date":"2022-06-10T00:14:06","date_gmt":"2022-06-10T00:14:06","guid":{"rendered":"http:\/\/egrowonline.com\/?p=19413"},"modified":"2022-06-10T00:14:06","modified_gmt":"2022-06-10T00:14:06","slug":"altcoins-gearing-up-to-potentially-double-in-price-as-bitcoin-relief-rally-ensues-says-crypto-analyst","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=19413","title":{"rendered":"Altcoins Gearing Up To Potentially Double in Price As Bitcoin Relief Rally Ensues, Says Crypto Analyst"},"content":{"rendered":"


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A popular crypto trader is eyeing possible price increases for a trio of crypto assets as the markets head into summer.<\/p>\n

Crypto strategist Micha\u00ebl van de Poppe tells<\/a> his 608,100 Twitter followers the recent Bitcoin (BTC) bounce back from a price dip could mean that both BTC and altcoins are primed to go on a run this month.<\/p>\n

\u201cThe odds for a relief rally this month are increasing as Bitcoin recovered this entire move.<\/em><\/p>\n

Altcoins on the daily time frame [are] also starting to look better.<\/em><\/p>\n

This could be a relief rally of 50-100% on them. Be ready.\u201d<\/em><\/p>\n

Looking at Bitcoin specifically, Van de Poppe identifies<\/a> $30,400 as an ideal support level, adding that a successful defense of the line could see BTC soaring as high as $35,000.<\/p>\n

\u201cWhen it comes down to Bitcoin, it\u2019s back in resistance and chopping around like crazy.<\/em><\/p>\n

I\u2019d like to see $30,400-ish hold as support. If that holds, finally, then I\u2019m assuming we\u2019ll see $32,800 and potentially $35,000.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/Twitter<\/a><\/figcaption><\/figure>\n

Bitcoin<\/a> is trading for $30,307 at time of writing.<\/p>\n

Next on the trader\u2019s list is decentralized oracle network Chainlink (LINK). He thinks<\/a> the altcoin\u2019s strength at $7.25 means that what was once seen as resistance (R) could now flip into being a level of support (S).<\/p>\n

\u201cWell, $7.25 was indeed holding up for LINK and now it\u2019s continuing the momentum towards $9 and hit that level.<\/em><\/p>\n

Good S\/R flip play.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/Twitter<\/a><\/figcaption><\/figure>\n

Chainlink<\/a> is currently up 1.59% over the last 24 hours, valued at $8.83.<\/p>\n

The last crypto asset on the trader\u2019s radar is the native utility token of the non-fungible token (NFT) marketplace XAcademy Network (XCAD).<\/p>\n

Van de Poppe says<\/a> XCAD looks strong, mentioning<\/a>\u00a0the project\u2019s highly anticipated upcoming live stream event on June 16th.<\/p>\n

\u201cXCAD is showing strength, as it\u2019s moving towards $5 and a crucial breaker.<\/em><\/p>\n

If we do break $4.80-5.00, then $6 and $8 are on the horizon + big event on the 16th coming up for XCAD.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/Twitter<\/a><\/figcaption><\/figure>\n

XCAD Network<\/a> is currently priced at $4.53.<\/p>\n

Check Price Action<\/a><\/span><\/em>
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Production Perig\/Sensvector<\/em><\/span><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A popular crypto trader is eyeing possible price increases for a trio of crypto assets as the markets head into summer. Crypto strategist Micha\u00ebl van de Poppe tells his 608,100 Twitter followers the recent Bitcoin (BTC) bounce back from a price dip could mean that both BTC and altcoins are primed to go on a […]<\/p>\n","protected":false},"author":1,"featured_media":19414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,646,50,62,1543,3713,296,7274,195,213,1752],"class_list":["post-19413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-analyst","tag-bitcoin","tag-crypto","tag-double","tag-ensues","tag-gearing","tag-potentially","tag-price","tag-rally","tag-relief"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/gearing-up-double.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19413"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19413\/revisions"}],"predecessor-version":[{"id":19415,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19413\/revisions\/19415"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/19414"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19413"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}