Analyst Michaël van de Poppe says significant opportunities have arrived for Bitcoin, Ethereum and Crypto markets
A popular crypto analyst gives his latest view on leading digital assets Bitcoin (BTC) and Ethereum (ETH), a mid-cap altcoin and the crypto markets overall.
Crypto strategist Michaël van de Poppe says his 626,000 Twitter followers that BTC needs to find support above $19,500 to make a rally.
He also notes the importance of European Central Bank (ECB) President Christine Lagarde and Fed Chair Jerome Powell’s upcoming monetary policy speeches.
“Bitcoin is doing so well so far but needs continuation above $19,500. Then it’s party time. Today could be important as Lagarde and Powell speak.”
Bitcoin is changing hands for $19,255 at the time of writing.
The analyst then says top smart contract platform Ethereum “moons” after bottoming out on September 7, adding that altcoins are following in its footsteps.
“Bottom.
Ethereum moons.
Other altcoins will follow.
The dollar is falling.
Long crypto.”
ETH was in the $1500 range around the time Van de Poppe made his tweet. It quickly jumped to $1,643 before stabilizing around $1,623 at the time of writing.
Van de Poppe then sets his sights on Ethereum challenger EOS (EOS). He says that the smart contract platform is on its way to reach the $2 price level after a strong bounce.
“Very strong bounce on EOS at desired level. Looks solid for continuation to $2.”
EOS is trading at $1.62 at the time of writing.
The merchant concludes his analysis by looking at the overall market cap of the crypto industry, saying that a “beautiful” retest of its 200-week moving average (MA) is on the horizon.
“If you ask me, there will be a beautiful retest of the total market cap of the 200-week MA. That means a significant buying opportunity for you in the crypto markets that [US dollar index] heading towards a climax as well. Going as planned, so far.”
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