A widely followed crypto analyst says the next “big cycle” for Bitcoin (BTC) and Ethereum (ETH) is just beginning.
crypto trader michael van de poppe To tell His 646,700 Twitter followers will laugh off the current BTC and ETH prices in just a few years.
“Funny, in a few years you’ll be laughing off the current valuation.
Bitcoin is over $200,000 and Ethereum is everywhere.
We are at the beginning of such a massive cycle. “
In the short term, Van de Poppe maintain Focus on Ethereum’s $1,450-$1,600 range.
“Ethereum still has significant support. If it bounces back, we are interested in around $1,600 short.
I’ll probably buy it for $1,450. ”
ETH is trading at $1,596 at the time of writing.
For king crypto BTC, analyst To tell He is not interested in going long at Bitcoin’s current price level.
“Bitcoin breaks upwards, tests that level at $23,600 and quickly rejects.
The question today is whether GDP will once again push prices towards new highs, or will it break below $22,900, i.e., will the price drop come?
Long isn’t really of interest here. “
BTC is trading at $23,015 at the time of writing.
Transitioning to Altcoins, Van de Poppe To tell ETH rival Fantom (FTM) and ETH’s Layer 2 solution Polygon (MATIC) are currently gaining momentum.
“FTM and MATIC break through the roof”
In fact, FTM is trading at $0.49 at the time of writing, up 18% over the past 24 hours. MATIC is up 13% over the same period.
FTM and MATIC have overtaken most markets, said Van de Poppe. pointed out Let’s take FTM, MATIC and Aptos (APT) as examples to illustrate some hypocrisy in trading psychology.
“People are now eager to flood the APT, FTM and MATIC positions.
But a month ago, the same people wanted to sell all their crypto because it would be $10,000. ”
Aptos is trading at $17.87 at the time of writing, up 11.6% from the previous day.
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