Widely followed crypto analyst Michaël van de Poppe says the markets are bouncing back after a rough week, starting with Bitcoin (BTC).
Analyzing the top crypto asset by market cap, Poppe predicts BTC bumping back up to the $34,000 range is possible soon.
“Bitcoin held the crucial level, which is great.
Looking to see whether it can sustain above $29,700-30,000.
If so, then a test at $32,700 and potentially $34,000 is possible.”
Source: CryptoMichNL/TwitterThe analyst says a continuation is likely for Bitcoin, trading for $30,716 at time of writing, with one caveat.
“Depending on the US markets, but continuation seems likely here for Bitcoin.”
Source: CryptoMichNL/TwitterVan de Poppe turns his attention to Dogecoin (DOGE), which has been playing dead alongside the rest of the crypto markets for weeks. The crypto analyst says the dog-themed memecoin is finally ready to come up.
“Time to go up for DOGE too.”
Source: CryptoMichNL/TwitterLooking at Ethereum (ETH)-rival Cardano (ADA), he expects the falling altcoin to bounce back from its next support.
“Well, ADA didn’t hold at $0.68 and is currently down 87%.
The next support around $0.38-0.40 is the one the markets bounced from.
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