Analyst and trader Michaël van de Poppe offers his prospects on Bitcoin (BTC) and two other crypto assets in the midst of a market recovery.
Van de Poppe tells Are 791,900 followers on the social media platform X that Bitcoin is in the first phase of consolidation after the outbreak of the price level of $ 106,500.
According to the Widded Analyst, the first consolidation phase will probably take a few days.
“Then we will have the next breakout above the all time.
Ideal zone to buy? I would estimate around $ 107,000 – $ 108,000.
Buy the dip season. “
Bitcoin acts at $ 109.325 at the time of writing.
The next is Ethereum (ETH). According to For Van de Poppe, Ethereum builds up for a “big outbreak” after a consolidation phase that lasted more than a month. The Wide Analyst followed says that Ethereum could rise to around 26% from the current level.
“I assume we will see one leg up to $ 3,400 – $ 3,500 if it breaks the resistance to $ 2,800.
The area to keep: around $ 2,575. “
Ethereum trades at $ 2,770 at the time of writing.
The following is the Decentralized Artificial Intelligence (AI) platform Bittensor (TAO). According to For Van de Poppe, Tao could rise by around 92% from the current price level, because “trust comes back” to the market.
“I assume we will break more than $ 475 and we get $ 700 – $ 800 in the next run.”
Bittensor acts at around $ 416 at the time of writing.
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Generated image: midjourney