Bitcoin Price To Hit $25k, Altcoins Going Strong – Is The Crypto Space Finally On Its Way? – Coinpedia – Fintech & Cryptocurrency News Media
ONE well-known cryptoanalyst and trader, michael van de pop michael van de pop Founder and CEO of eight globally Eight Global is led by Michael van de Poppe, the company’s founder and CEO. He is a cryptocurrency trader working at the Amsterdam Stock Exchange and is passionate about the role of blockchain in the current financial system. He is also a writer at Cointelegraph covering all things fintech, blockchain and bitcoin, providing the latest news, prices and analysis on the future of money. Previously, he served as a Technical Analyst at TradingView, where he was responsible for creating technical analyzes via the TradingView platform and distributing these through virtual social media, including Twitter and YouTube. He was the author of CryptoBenelux, writing articles based on technical analysis and market insights, especially on Bitcoin. ContractorCEOEntrepreneurMarket analyst Followers: 0 Show profile has presented its analysis of the cryptocurrency market and its current performance.
Poppe informs his 626,100 followers over Twitter that in the same way that Bitcoin is known for its volatile price rise, altcoins are likely to follow the same path, soon enough.
Bitcoin (BTC) Analysis
The analyst says that over the past 12 hours, Bitcoin’s price action has shown massive volatility with a trade near $2,000. However, he tries to ease his followers and keep them away from making wrong decisions by telling them that this kind of volatility is normal and that they need to be patient.
In his previous strategy session, Van de Poppe had predicted that if the Bitcoin price moves past $20,000, the flagship currency will easily claim the price range of $23,000 and $25,000 after that.
Bitcoin is currently trading at $21,489 after a 3.86% increase in the last 24 hours. Therefore, the analyst is optimistic that his prediction may turn out to be true because he sees that BTC has made good lows, has retested and even the candles are only showing strength. Another indicator is that the US Dollar Index is plunging.
Bitcoin price of $25,000?
Furthermore, the analyst claims that if this continues, Bitcoin’s price will reach $21,500, consolidate and then the currency will reclaim $20,000 and continue its movement towards the $23,000 and $25,000 area.
Van de Poppe also spoke about altcoins and says that when Bitcoin asserts an upward trend, the dollar will lose its value. He pointed out that the altcoins will follow the royal currency; a breakout in BTC indicates good, positive price movement for all assets.
Chainlink (LINK) and Cosmos (ATOM)
The analyst chose to discuss two specific coins – Chainlink (LINK) and Cosmos (ATOM).
On Chainlink (LINK), he says the currency seems strong at the moment and will soon see a massive bull run.
For ATOM, the analyst claims that the coming month will be a volatile month for it and it has seen a jump of about 20% in the last 24 hours.
Van de Poppe’s observation did not conclude here.
He also talked about the crypto market as a whole (TOTAL) saying that it is at a crucial stage. Then he says that TOTAL may have bottomed out and if it hasn’t, the whole market could be facing threats.
With his analysis, he says that the Crypto market is at the 200-week moving average and is holding strong; this can be a good catalyst for the space.