A closely followed crypto strategist is predicting a quick rally for Bitcoin (BTC) after falling below $29,000, while also calling for an Ethereum (ETH)-based altcoin to move up.
analyst Michael van de Poppe says His 661,500 Twitter followers believe that bitcoin may soon reclaim the $30,000 range after touching a strong demand zone near the $28,300 level.
“There we go, bitcoin.”
He predicts that bitcoin will continue to move upwards until $31,000, which would be a 7% increase from its current price.
Next, Analyst They say Decentralized oracle network Chainlink (LINK) may be about to reclaim the $9.27 level sometime before September.
“So far, so good for Chainlink.”
At the time of writing Chainlink is trading at $7.48, down 0.9% over the past 24 hours.
is also an analyst Prediction The total market capitalization of digital assets will see a huge influx of liquidity in the coming months.
According to Van de Poppe, the total market capitalization of digital assets will likely increase From $1.14 trillion to $2 trillion by the beginning of 2024, before a correction next and then back to an all-time high of $3 trillion by 2025.
In a new video strategy session, Van de Poppe says His 162,000 YouTube subscribers say that Bitcoin’s low volatility indicates that the price action for BTC may soon heat up. He suggested that bitcoin could establish a new local low around $27,000 before recovering.
“But given the fact that volatility is at an all-time low, at cycle-low, we haven’t seen volatility as low as it is right now, really for the last 13 years, which ultimately means that the market is going to would be an important step.
So this week or so is going to be the week where we’re heading all south towards $27,000. And then the likelihood is that we’re going to make a new low or we’ll sweep under the low. We reclaim and the reform is over.”
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source: dailyhodl.com
