Popular crypto analyst Michaël van de Poppe says rivals Bitcoin (BTC), Ethereum (ETH) and an ETH are close to making a splash. Bloomberg Analyst Mike McGlone thinks Bitcoin is at an inflection point.
“Bitcoin can keep moving forward if it hits $30,000”
Widely followed crypto trader Michaël van de Poppe, Bitcoin (BTC), Ethereum (ETH) and a forecasts price increases for its under-the-radar ETH rival. The analyst, known for his accurate predictions, tells his 606,900 Twitter followers that Bitcoin could go to $31,800 after holding the $30,000 price level yesterday:
Bitcoin remained intact from the $29,300 region for as long as it did. managed to protect If it turns $30,300 now, a continuation towards $31,800 is possible.
Source: CryptoMichNL/Twitter Bitcoin is down a little over $30,000 at the time of writing and is trading at $29,721 just above the $29,300 zone highlighted by Van de Poppe. Despite BTC falling below $30,000, the crypto trader still seems optimistic about the Bitcoin bounce, saying:
Already filled BTC a bit, but wants to see if we can close the gap here (Chicago Mercantile Exchange) and bounce back from there. we will be. It’s very logical.
Source: CryptoMichNL/Twitter ETH and FTM are getting ready to take a leap
According to analyst, you can see their successful predictions in this article Van de Poppe’s optimism is spreading from Bitcoin to Ethereum and is trading at $1,758 at the time of writing. The crypto analyst believes that ETH is close to a ‘potential bounce game’ and explains:
I am waiting for the $1,720 zone in ETH for a potential bounce game. The same goes for BTC around $29,000 after this harsh rejection.
Source: CryptoMichNL/Twitter Van de Poppe similarly said that Ethereum rival Phantom (FTM) would drop slightly from current $0.35 levels before jumping with BTC and ETH.
It also appears in the range of $0.32-0.33 with FTM.
Source: CryptoMichNL/Twitter According to Mike McGlone, Bitcoin at its inflection point
senior commodity strategist at Bloomberg Intelligence Mike McGlone , in a recent tweet, states that the leading cryptocurrency Bitcoin is currently at an inflection point. As you can follow from
Kriptokoin.com news, earlier today, Bitcoin price dropped to $29,232, the lowest level since May 29. The leading cryptocurrency is preparing to end another week in the red by expanding its record-breaking bearish line.
McGlone forecasts a “bold” Federal Reserve as the main headwind for Bitcoin and the broader cryptocurrency market. The world’s most powerful central bank will continue to raise interest rates in the future, with market pricing up 50 basis points in June.
Analyst sees it unlikely that the Fed will reverse course even if inflation falls, as there is still much work to be done to meet the 2% target. Meanwhile, Cleveland Fed President Loretta Mester advocated for interest rates to be “as fast as practical”. You can see the analyst’s successful forecasts in this article.
