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A widely followed crypto analyst says the last 12 hours for Bitcoin (BTC) marks the beginning of a relief rally.
crypto trader michael van de poppe To tell His 626,100 Twitter followers hope the altcoin will follow BTC’s volatile market jump.
Altcoins follow, but Bitcoin is in the spotlight with a volatile move around $2,000 in 12 hours.
It’s normal.
Be patient. “
Formerly Van de Poppe Said If BTC manages to break out of $20,000, a rally to $25,000 is possible.
The key for Bitcoin is to flip the $20,000 territory.
In that case, $23,000 to $25,000 is likely next.
Bitcoin is currently hovering at $21,200, up nearly 10% over the past 24 hours. appear Confirmation of his theory that $25,000 could be next.
The market has followed this well. Lows, recoveries and a significant sweep of strong candles show that strength has returned to Bitcoin. [US Dollar] index is going down.
In that case, it could continue towards $21,500, consolidate to hold above $20,000, and continue towards $23,000 to $25,000.
As Bitcoin Breaks Out, Crypto Traders To tell Altcoins will soon follow.
Bitcoin is going strong as the dollar loses value overnight.
Meanwhile, altcoins are making a bit of a correction with BTC pairs as Bitcoin is in the spotlight.
Altcoins will follow suit.
It’s a good time.
Looking at two specific altcoins, Van de Poppe command His followers to Chainlink (LINK) and Cosmos (ATOM).
Chainlink looks strong, but there is still a big opportunity here.
ATOM looks very strong here, but multiple other altcoins are starting to show signs of strength.
The next few months are going to be fun with the expectation of increased volatility.
Then traders go Deeper ATOM up 20% or more in the last 24 hours.
“It went along well with ATOM’s plan.”
Looking at the entire crypto market (TOTAL), Van de Poppe carefully Optimistic.
Ultimately, total market capitalization is at a critical point.
It may be the bottom, but if it doesn’t go down, it will be a disaster, so I would like to bet on the first case.
Total Market Cap Of Cryptos Putting 200 Weeks Of Retesting [moving average] & holds heavily.
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