Bitcoin, Ethereum, and Bittensor: Analyst Michaël van de Poppe’s Crypto Outlook
As the crypto market shows signs of recovery, analyst and trader Michaël van de Poppe shares his insights on Bitcoin (BTC), Ethereum (ETH), and Bittensor (TAO).
Bitcoin (BTC)
Van de Poppe, with a significant following on X, believes that Bitcoin is currently in the initial phase of consolidation following a breakout above $106,500. He anticipates this consolidation phase to last a few days before the next breakout above the all-time high. The ideal buying zone, according to him, is between $107,000 – $108,000, signaling a potential “buy the dip” opportunity. Bitcoin is currently trading at $109,325.
Ethereum (ETH)
Turning to Ethereum, Van de Poppe suggests that the cryptocurrency is gearing up for a major breakout after a month-long consolidation phase. He predicts a potential 26% rise if Ethereum surpasses the $2,800 resistance level, with a target range of $3,400 – $3,500. The critical support area to watch is around $2,575. Ethereum is currently priced at $2,770.
Bittensor (TAO)
Van de Poppe also highlights Bittensor, a decentralized artificial intelligence (AI) platform, as a promising asset with the potential for significant growth. He foresees a possible 92% increase from the current price level as confidence returns to the market. The target for TAO is set at $700 – $800 after breaking above $475. Bittensor is currently trading around $416.
Follow Michaël van de Poppe on X, Facebook, and Telegram for more insights and updates on the crypto market. Stay informed with email alerts delivered to your inbox and check the latest price action on The Daily Hodl Mix.
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