{"id":20889,"date":"2022-06-24T22:59:26","date_gmt":"2022-06-24T22:59:26","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20889"},"modified":"2022-06-24T22:59:26","modified_gmt":"2022-06-24T22:59:26","slug":"crypto-analyst-michael-van-de-poppe-predicts-bitcoin-bounce-incoming-plots-path-ahead-for-ethereum-rivals-cardano-and-fantom","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20889","title":{"rendered":"Crypto Analyst Micha\u00ebl van de Poppe Predicts Bitcoin Bounce Incoming, Plots Path Ahead for Ethereum Rivals Cardano and Fantom"},"content":{"rendered":"


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A widely followed crypto analyst says Bitcoin (BTC) and two Ethereum (ETH) competitors are due for relief bounces.<\/p>\n

Trader Micha\u00ebl van de Poppe\u00a0tells<\/a>\u00a0his 613,300 Twitter followers that BTC is ready for an approximately 8% rebound from current levels.<\/p>\n

\u201cBitcoin ready for $23,000.\u201d<\/em><\/p>\n

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Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

Bitcoin<\/a>\u00a0is trading for $21,275 at time of writing, up 3.4% from 24 hours ago.<\/p>\n

The crypto trader then moves on to a pair of\u00a0Ethereum<\/a>\u00a0rivals, predicting bounces for both.<\/p>\n

Van de Poppe breaks down Cardano (ADA), the eighth largest crypto by market cap at time of writing. With\u00a0Cardano<\/a>\u00a0currently trading at $0.50, the analyst\u00a0predicts<\/a>\u00a0a 20% boost incoming.<\/p>\n

\u201cADA couldn\u2019t break through resistance in one-go and retested the lower boundaries for a support zone.\u00a0<\/em><\/p>\n

Bounced from that area and currently fighting resistance, expecting a breakout taking place, resulting into continuation towards $0.60.\u201d<\/em><\/p>\n

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Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

Breaking down smart contract platform Fantom (FTM), Van de Poppe\u00a0says<\/a>\u00a0the movements of fellow-ETH rival\u00a0Avalanche<\/a>\u00a0(AVAX), ETH layer-2 scaling solution\u00a0Polygon<\/a>\u00a0(MATIC), and leading crypto by market cap BTC all point to upwards movement for FTM.<\/p>\n

\u201cMight be a good scalp long here on FTM targeting $0.32 range.\u00a0<\/em><\/p>\n

Good [support\/resistance] flip and markets are looking ready for continuation.<\/em><\/p>\n

Of course, depending on BTC, but the movements on AVAX and MATIC signal continuation.\u201d<\/em><\/p>\n

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Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

Fantom<\/a>\u00a0is trading for $0.27 at time of writing, down 18% from Van de Poppe\u2019s target price of $0.32.<\/p>\n

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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\/ShutterDesigner\/Sol Invictus<\/em><\/span><\/p>\n<\/p><\/div>\n


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

A widely followed crypto analyst says Bitcoin (BTC) and two Ethereum (ETH) competitors are due for relief bounces. Trader Micha\u00ebl van de Poppe\u00a0tells\u00a0his 613,300 Twitter followers that BTC is ready for an approximately 8% rebound from current levels. \u201cBitcoin ready for $23,000.\u201d Source: CryptoMichNL\/Twitter Bitcoin\u00a0is trading for $21,275 at time of writing, up 3.4% from […]<\/p>\n","protected":false},"author":1,"featured_media":20890,"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":[44],"tags":[1386,646,50,210,266,62,158,688,2217,647,985,9257,649,470,1014,648],"class_list":["post-20889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ahead","tag-analyst","tag-bitcoin","tag-bounce","tag-cardano","tag-crypto","tag-ethereum","tag-fantom","tag-incoming","tag-michael","tag-path","tag-plots","tag-poppe","tag-predicts","tag-rivals","tag-van"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/predicts-bitcoin-incoming.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20889","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=20889"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20889\/revisions"}],"predecessor-version":[{"id":20891,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20889\/revisions\/20891"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20890"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20889"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}