Analyst and trader Michaël Van de Poppe offers his perspectives on Bitcoin (BTC) and two other cryptographic active ingredients in the middle of a recovery of the market.
Van de Poppe says to its 791,900 subscribers on the X social media platform that Bitcoin is in the first phase of consolidation after having broken out with the price level of $ 106,500.
According to the widely followed analyst, the first phase of consolidation should last a few days.
“Then we will have the next escape above the top of all time.
Ideal area to buy? I would estimate about $ 107,000 – $ 108,000.
Buy the dip season.
Bitcoin is traded at $ 109,325 at the time of the editorial staff.
The next step is Ethereum (ETH). According to Van de Poppe, Ethereum accumulates for a “great escape” after a consolidation phase which lasted more than a month. The widely followed analyst says that Ethereum could increase up to around 26% compared to the current level.
“I guess we will start to see a leg at $ 3,400 – $ 3,500 if it breaks the resistance to $ 2,800.
The area to hold: about $ 2,575. »»
Ethereum is traded at $ 2,770 at the time of the editorial staff.
The next step is the decentralized artificial intelligence platform (AI) Bittensor (TAO). According to Van de Poppe, Tao could increase by around 92% compared to the current price level as “confidence returns” on the market.
“I suppose that we will exceed $ 475 and we reach $ 700 – $ 800 at the next execution.”
Bittensor is negotiated at around $ 416 at the time of the editorial staff.
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Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
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