Popular Analyst Says It’s Time for Bitcoin (BTC) To Go Up, Dives Into Altcoins and One Top Memecoin

0 0

knife

A widely followed crypto analyst thinks Bitcoin (BTC) is back on its way up after gaining only 1% over the past seven days.

Crypto trader Michaël van de Poppe tells his 656,900 Twitter followers that Bitcoin’s time is now.

“Time to go up with Bitcoin.”

Elaborating further shortly after, Van de Poppe says his prediction is based on BTC’s reclamation of $27,200.

“Reclaim of Bitcoin at $27,200 happened.

Make a higher low here and we’ll be going towards $29,000.”

Source: Michaël van de Poppe/Twitter

BTC is trading for $27,140 at time of writing.

In relation to Bitcoin, Van de Poppe also breaks down the altcoin dominance chart, a measure of the strength of all other crypto tokens besides Bitcoin. According to the analyst, altcoins are likely reaching the bottom of a down cycle.

“I’ve been following this chart for a while and marked that level at 8.20-8.65% as a potential support for altcoins.

Altcoins bottom out one year before the halving. That’s approximately right now.

Good bounce and a potential weekly bullish divergence start to pop up.”

Source: Michaël van de Poppe/Twitter

Finally, Van de Poppe takes a look at the latest memecoin Pepe (PEPE), a crypto based on a controversial meme just as Dogecoin (DOGE) and Shiba Inu (SHIB) were also based on memes. The trader thinks now may be a good time to short PEPE.

“Well, PEPE is moving downwards.

I think we’ll continue that trend and I’d preferably watch an entry around $0.000000850 for a play.

Shorts for now, unless $0.000001625 is reclaimed.”

Source: Michaël van de Poppe/Twitter

PEPE is trading for $0.00000156 at time of writing.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/diversepixel

The post Popular Analyst Says It’s Time for Bitcoin (BTC) To Go Up, Dives Into Altcoins and One Top Memecoin appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 27,030.24
ethereum
Ethereum (ETH) $ 1,888.92
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 306.26
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.518867
staked-ether
Lido Staked Ether (STETH) $ 1,887.60
cardano
Cardano (ADA) $ 0.375684
dogecoin
Dogecoin (DOGE) $ 0.072055
solana
Solana (SOL) $ 21.15
matic-network
Polygon (MATIC) $ 0.902542
tron
TRON (TRX) $ 0.076544
litecoin
Litecoin (LTC) $ 94.06
polkadot
Polkadot (DOT) $ 5.24
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000008
avalanche-2
Avalanche (AVAX) $ 14.46
dai
Dai (DAI) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,058.25
uniswap
Uniswap (UNI) $ 5.04
leo-token
LEO Token (LEO) $ 3.59
chainlink
Chainlink (LINK) $ 6.38
cosmos
Cosmos Hub (ATOM) $ 10.58
okb
OKB (OKB) $ 46.26
monero
Monero (XMR) $ 146.32
the-open-network
Toncoin (TON) $ 1.73
ethereum-classic
Ethereum Classic (ETC) $ 18.03
stellar
Stellar (XLM) $ 0.092051
bitcoin-cash
Bitcoin Cash (BCH) $ 114.10
filecoin
Filecoin (FIL) $ 4.92
internet-computer
Internet Computer (ICP) $ 4.79
true-usd
TrueUSD (TUSD) $ 1.00
lido-dao
Lido DAO (LDO) $ 2.30
aptos
Aptos (APT) $ 9.05
quant-network
Quant (QNT) $ 118.44
hedera-hashgraph
Hedera (HBAR) $ 0.050571
arbitrum
Arbitrum (ARB) $ 1.24
crypto-com-chain
Cronos (CRO) $ 0.059353
near
NEAR Protocol (NEAR) $ 1.60
vechain
VeChain (VET) $ 0.019858
the-graph
The Graph (GRT) $ 0.131107
apecoin
ApeCoin (APE) $ 3.11
algorand
Algorand (ALGO) $ 0.151132
the-sandbox
The Sandbox (SAND) $ 0.561101
paxos-standard
Pax Dollar (USDP) $ 0.999623
frax
Frax (FRAX) $ 0.998302
edgecoin-2
Edgecoin (EDGT) $ 1.00
eos
EOS (EOS) $ 0.902841
elrond-erd-2
MultiversX (EGLD) $ 37.68
rocket-pool
Rocket Pool (RPL) $ 49.33
render-token
Render (RNDR) $ 2.61
optimism
Optimism (OP) $ 1.44
aave
Aave (AAVE) $ 63.99
fantom
Fantom (FTM) $ 0.320844
decentraland
Decentraland (MANA) $ 0.483125
theta-token
Theta Network (THETA) $ 0.854812
blockstack
Stacks (STX) $ 0.612797
tezos
Tezos (XTZ) $ 0.905307
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,027.38
axie-infinity
Axie Infinity (AXS) $ 7.03
immutable-x
ImmutableX (IMX) $ 0.768696
flow
Flow (FLOW) $ 0.730746
havven
Synthetix Network (SNX) $ 2.37
usdd
USDD (USDD) $ 0.999895
neo
NEO (NEO) $ 10.35
bitdao
BitDAO (BIT) $ 0.50003
gala
GALA (GALA) $ 0.030136
kucoin-shares
KuCoin (KCS) $ 7.37
whitebit
WhiteBIT Token (WBT) $ 4.90
radix
Radix (XRD) $ 0.068389
curve-dao-token
Curve DAO (CRV) $ 0.848223
bitget-token
Bitget Token (BGB) $ 0.465634
injective-protocol
Injective (INJ) $ 7.90
bitcoin-sv
Bitcoin SV (BSV) $ 32.57
gatechain-token
Gate (GT) $ 4.35
conflux-token
Conflux (CFX) $ 0.287557
maker
Maker (MKR) $ 664.97
gemini-dollar
Gemini Dollar (GUSD) $ 1.00
klay-token
Klaytn (KLAY) $ 0.184993
bittorrent
BitTorrent (BTT) $ 0.00000058475667
iota
IOTA (MIOTA) $ 0.198112
kava
Kava (KAVA) $ 1.00
chiliz
Chiliz (CHZ) $ 0.101807
pepe
Pepe (PEPE) $ 0.000001
casper-network
Casper Network (CSPR) $ 0.047088
pax-gold
PAX Gold (PAXG) $ 1,971.67
tokenize-xchange
Tokenize Xchange (TKX) $ 6.35
sui
Sui (SUI) $ 0.944715
terra-luna
Terra Luna Classic (LUNC) $ 0.000085
xdce-crowd-sale
XDC Network (XDC) $ 0.035839
compound-ether
cETH (CETH) $ 37.97
mina-protocol
Mina Protocol (MINA) $ 0.54112
gmx
GMX (GMX) $ 55.49
tether-gold
Tether Gold (XAUT) $ 1,964.38
huobi-token
Huobi (HT) $ 2.95
ecash
eCash (XEC) $ 0.000025
dash
Dash (DASH) $ 42.32
frax-share
Frax Share (FXS) $ 6.61
trust-wallet-token
Trust Wallet (TWT) $ 1.07
frax-ether
Frax Ether (FRXETH) $ 1,886.90