Analytics
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Well-known cryptocurrency trader Mikael van de Poppe has published a price prediction for several leading virtual assets, including Bitcoin (BTC), Ethereum (ETH) and others. The market analyst noted: in his opinion, the situation on the market has stabilized a bit.
The trader studied the chart of the flagship cryptocurrency bitcoin and emphasized that slowly but surely, the BTC rate is moving up. According to the analyst, the bulls need to break through an important resistance level in the range of $17,400 – $17,600. In this case, the price will continue to move towards $19,000 quite quickly. One of the first goals on his own chart, he noted reaching the $18,285 cutoff.
In addition, the expert said that the Ethereum rate successfully rebounded from the area just above $1200 and is generally slightly ahead of expectations. Van de Poppe assumed a positive price movement this week. He noted that the $1,200 mark is a key support level for the cryptocurrency.
Among other things, the expert noted that in recent days, projects related to the decentralized finance (DeFi) sector have begun to demonstrate their strength. Traders should pay close attention to Avalanche (AVAX) and Polkadot (DOT), he said. They can show good profitability in the coming days and weeks. This may also be due to the recent rise in Fantom (FTM) digital currency quotes.
Finally, the expert assured that he separately monitors the XRP (XRP) cryptocurrency. At the moment, it does not show much strength, but it may increase in value in the foreseeable future. To continue moving up, it is extremely important to stay above the $0.38 level.
Earlier, the editors of Crypto.ru reported that Fantom (FTM) cryptocurrency quotes have soared by 36% over the past week. The virtual currency was trading at $0.25.
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