Cryptocurrency

Analyst Holding Forecasts Gave Critical Levels For Bitcoin And 3 Altcoins!

The top cryptocurrency trader and analyst Michael van de Poppe, who previously claimed in the wrong form the altcoin era in the first quarter of 2020, the market crash on February 22, the Bitcoin correction in which the price fell to $ 50,000, said that Bitcoin (BTC) as well as shared critical price levels for 3 altcoins. Van de Poppe told his 352,000 Twitter followers that Bitcoin continues to consolidate in the low range of $30,000.

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Michael van de Poppe: Bitcoin consolidates

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Pointing out that BTC is consolidating in low ranges, the analyst says that he sees $31,000 as one of the last obstacles in front of a sharp decline if BTC, which is in the first place at the market expense, falls from the $ 32,500 area. “Bitcoin is still barely holding on here. If this level is lost, I’m looking at the final snag around $31,000 for reinforcements in this area. For now, it’s still generally consolidating,” he adds.

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On the other hand, Van de Poppe says that the key resistance point that must be broken for Bitcoin to continue its rise is located at $ 34,673. Cryptocoin. com

As we have previously reported as , BTC was rejected twice at this resistance point in the past month.

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Analyst announced his claims for all 3 altcoins

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Van de Poppe expects the Bitcoin and Ethereum pair to hold the 0.057 satoshi level and break the 0.063 satoshi level. According to the analyst, if the ETH/BTC parity can break this distress zone, the next resistance point will be 0.074 satoshi.

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The trader also mentions decentralized supply chain tracker VeChain (VET), which he says is bearish against Bitcoin. According to Van de Poppe, VET will test the critical boost again at 0.0000025 satoshi. If this foothold holds, VET could jump real to the upper resistance at 0.00000273 satoshi. Otherwise, VET will likely retest a 0.00000158 satoshi boost, according to Van de Poppe. Van de Poppe said: “The outlook on VET has not changed, we are still in a downtrend. For me, the critical foothold is obvious,” he said.

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DeFi loan protocol Kava follows the trader’s expected path, touching the foothold at 0.00127 satoshis. If Kava tests the resistance at 0.00144 satoshis again, the asset will likely break the upper real and head towards the next resistance zone 0.00023.

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