{"id":4181,"date":"2022-01-08T07:49:06","date_gmt":"2022-01-08T07:49:06","guid":{"rendered":"http:\/\/egrowonline.com\/?p=4181"},"modified":"2022-01-08T07:49:06","modified_gmt":"2022-01-08T07:49:06","slug":"crypto-analyst-michael-van-de-poppe-updates-his-outlook-on-bitcoin-btc-and-three-altcoins-as-markets-stumble","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=4181","title":{"rendered":"Crypto Analyst Micha\u00ebl van de Poppe Updates His Outlook on Bitcoin (BTC) and Three Altcoins As Markets Stumble"},"content":{"rendered":"


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Widely-followed crypto trader Micha\u00ebl van de Poppe sees bullish signs for Bitcoin (BTC) and one other altcoin while naming support zones for two popular smart contract platforms.<\/p>\n

In a recent series of tweets, Van de Poppe\u00a0tells<\/a>\u00a0his 551,000 followers that Bitcoin\u2019s price action is \u201ccreating a bullish divergence.\u201d<\/p>\n

\u201cThe lower timeframe on Bitcoin is creating a bullish divergence while being in massive support at $41K.\u00a0<\/em><\/p>\n

If it breaks $42.8-42.9K, a test of $46K is likely to happen and, then, the bullish divergence plays out.\u201d<\/em><\/p>\n

\"Image\"
Source: CryptoMichNL\/Twitter<\/a><\/figcaption><\/figure>\n

Bitcoin<\/a>\u00a0is currently trading at $42,011, just south of the crucial bullish divergence breakthrough levels identified on Van de Poppe\u2019s chart.<\/p>\n

Looking at the second-largest crypto by market cap, Ethereum (ETH), the trader\u00a0predicts<\/a>\u00a0the bottom may be near despite a recent downward trend.<\/p>\n

\u201cEthereum has been trending south heavily but actually hitting a massive area on the previous resistance at $3,320.\u00a0<\/em><\/p>\n

The next important level after the block is between $3,500-3,600.\u00a0<\/em><\/p>\n

Might be close to a bottom too.\u201d<\/em><\/p>\n

\"Image\"
Source: CryptoMichNL\/Twitter<\/a><\/figcaption><\/figure>\n

Ethereum<\/a>\u00a0is exchanging hands for $3,208 at time of writing, again just south of the crucial resistance levels identified by Van de Poppe\u2019s chart.<\/p>\n

When analyzing the price action of Cardano (ADA), Van de Poppe still\u00a0sees<\/a>\u00a0the seventh-ranked crypto asset by market cap relying heavily on a support zone.<\/p>\n

\u201cNot much has changed on ADA.\u00a0<\/em><\/p>\n

Still on the lower bound of the range, which is heavy support.\u00a0<\/em><\/p>\n

Not the range to look for shorts, I\u2019d rather look for longs.\u201d<\/em><\/p>\n

\"Image\"
Source: CryptoMichNL\/Twitter<\/a><\/figcaption><\/figure>\n

Cardano<\/a> is currently trading for $1.24, well within the support band highlighted by Van de Poppe\u2019s analysis.<\/p>\n

Lastly, the crypto analyst\u00a0looks<\/a>\u00a0at enterprise solution blockchain VeChain (VET), which he analyzes against the price of BTC.<\/p>\n

\u201cVET looks strong, but still needs to break above that level around 205-210 sats [$0.086-$0.088].\u00a0<\/em><\/p>\n

If that\u2019s the case, bullish continuation is very, very likely.\u201d<\/em><\/p>\n

\"Image\"
Source: CryptoMichNL\/Twitter<\/a><\/figcaption><\/figure>\n

Van de Poppe also identifies the 0.00000150 BTC [$0.063] region as a support zone for VET to retest before taking off on a bullish continuation.<\/p>\n

At time of writing,\u00a0VeChain<\/a>\u00a0is trading for $0.080, 27% above the support zone identified by Van de Poppe.<\/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\/klyaksun\/Sensvector<\/em><\/span><\/p>\n<\/p><\/div>\n


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

Widely-followed crypto trader Micha\u00ebl van de Poppe sees bullish signs for Bitcoin (BTC) and one other altcoin while naming support zones for two popular smart contract platforms. In a recent series of tweets, Van de Poppe\u00a0tells\u00a0his 551,000 followers that Bitcoin\u2019s price action is \u201ccreating a bullish divergence.\u201d \u201cThe lower timeframe on Bitcoin is creating a […]<\/p>\n","protected":false},"author":1,"featured_media":4182,"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":[200,646,50,194,62,89,647,469,649,3257,468,648],"class_list":["post-4181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-analyst","tag-bitcoin","tag-btc","tag-crypto","tag-markets","tag-michael","tag-outlook","tag-poppe","tag-stumble","tag-updates","tag-van"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/poppe-updates-outlook.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4181","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=4181"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4181\/revisions"}],"predecessor-version":[{"id":4183,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4181\/revisions\/4183"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/4182"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4181"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}