A Crypto Analyst Warns of Potential Bitcoin Lows and Updates Outlook on Ethereum

A widely followed crypto analyst is cautioning that Bitcoin (BTC) may experience a downturn if it fails to maintain a critical level of support, while also providing insights on Ethereum (ETH).

Bitcoin’s Support Level and Price Outlook

In a recent strategy session, crypto trader Michaël van de Poppe shared with his 800,200 followers on X that if Bitcoin were to drop below $115,000, it could signal a significant price decline.

“Bitcoin didn’t break entirely through the resistance here. Small corrective day, however, on the lower timeframes, it’s clear that Bitcoin is trending upwards again. Crucial area to hold at $115,000. If that’s lost, likely new lows.”

Van de Poppe further stated that if Bitcoin manages to hold the support zone, it could pave the way for a new all-time high price.

“Phenomenal break upwards on the altcoin and Bitcoin markets. It’s still facing the next resistance, but the trend seems to be kicking back upwards. What is crucial to hold? $114,800 Hold that and we’ll be seeing a new ATH. Right on edge with the rates falling downwards.”

Bitcoin is currently trading at $116,497.

Outlook on Ethereum and Altcoins

Turning to Ethereum, the largest smart contract platform by volume, Van de Poppe suggested that ETH is poised to target the $4,000 price level in the near future.

“ETH is back to $3,900 and is likely going to attack that $4,000 resistance in the coming days. The markets are strong, volume is picking up, more volatility is coming in and the joy will be back.”

The analyst also emphasized the potential in altcoins, stating that they are currently undervalued and could see significant gains in the next 2-4 months.

“I think that the altcoin markets are extremely mispriced… Almost all altcoins haven’t gotten back to their previous levels, which means that there’s still a massive opportunity that people overlook as they are too busy screaming on social media how bad the markets are.

I remain all-in into altcoins as I think that there’s 200-500% to be made in the next 2-4 months. A lot of altcoins haven’t really gotten back to their levels from early ’25. Of course, some aren’t going to be showing momentum, but the recent move of ETH is the first step forwards to a more risk-on appetite.”

Ethereum is currently priced at $3,945.

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Featured Image: Shutterstock/Ivan Popovych