A prominent crypto analyst says we will see higher levels for Bitcoin (BTC) and 2 altcoins in the coming weeks.
2 altcoins ready for rally, according to Michael van de Poppe
After a bumpy start to 2022, the three cryptocurrencies will skyrocket in the next two months, according to analyst Michael van de Poppe, who has 615,500 Twitter followers. The analyst expects rally in Bitcoin (BTC), Ethereum (ETH) and Phantom (FTM). In his most recent tweets, the analyst mentioned:
In the next four to eight weeks, I expect to see Bitcoin at $28,000, Ethereum at $1,500 or more, and FTM at $0.45 to $0.55. I expect relaxation in the summer.
Analyst expects Bitcoin price to test this level before $22,000
Van de Poppe predicts that Bitcoin will likely retest support around $20,500 before breaking the $22,000 resistance and advancing towards its $28,000 target. For this forecast, the analyst interprets the following technical chart:
A possible Bitcoin situation (it doesn’t really need to happen). The $21,900 resistance is acting as support at $20,500 and $21,100. I’m eagerly looking at swing longs towards $28,000 in the lower bounds.
At the time of writing, Bitcoin price is trading at $21,253.21. It gained more than 10% compared to last week. It recorded a local top of $21,877.14 in the last 24 hours.
Van de Poppe also follows Ethereum closely
Regarding Ethereum, altcoin analyst expects an uptrend to reach its target price of $1,500. Poppe’s analysis of ETH was:
ETH has taken a good first step. It won’t be long before we continue to work on the $1500 zone (because there are big gaps). Shorts are now gradually being removed. But the persecution is still gradual.
Ethereum is currently trading at $1,179.65. Together with Bitcoin, they have gained over 10% this week. Ethereum, meanwhile, recorded the local top of $1,228.77.
Another altcoin on the analyst’s radar is FTM
Next up is Ethereum rival FTM. Poppe predicts that FTM price will see a short drop before continuing the uptrend. According to the analyst, FTM price will prepare above $0.30 after $0.265:
In the coming weeks, I expect FTM to test $0.265. This will lead to a move towards $0.32 and perhaps $0.45-0.55.
cryptocoin.com As we covered in their analysis, analysts are optimistic about Bitcoin’s second half performance for now. Bloomberg analyst Mike McGlone addressed this expectation in his recent analysis.
