Top Analyst Forecasts Massive 2023 Bitcoin Rally, Updates Outlook on Ethereum and Cosmos

A widely-held crypto strategist believes Bitcoin (BTC) is gearing up for a major rally next year.

Analyst Michael van de Poppe told his 642,700 Twitter followers that Bitcoin will make a big move toward its targets of $42,313 and $50,324 by June 2023, based on key Fibonacci levels. He says he expects it to happen.

“Bitcoin’s Q2 2023 Relief Rally Target.”

sauce: Van de Poppe/Twitter

At the time of writing, Bitcoin is trading at $17,321, up 1.63% for the day.

Van de Poppe has been keeping an eye on Ethereum (ETH) and is likely poised for a continuation of the bullish run after taking resistance at $1,200, he said.

“Ethereum did not hit target price and did not hit the optimal entry zone if you were looking long. Still waiting for a continuation that seems likely after this breakout.”

sauce: Van de Poppe/Twitter

At the time of writing, Ethereum is trading at $1,290, up 2.45% over the past 24 hours.

Next is Cosmos (ATOM). It’s a blockchain ecosystem designed to scale and communicate with each other. According to Van de Poppe, Cosmos looks good for a bullish continuation as long as it trades above $10.

“This looks a bit in the middle. Good resistance to support a reversal and $9.40 recovery, but no more strength. Prefer to hold around $10 for continuation, then $12.25. Consider.”

sauce: Van de Poppe/Twitter

At the time of writing, ATOM is trading at $10.41, up 3.38%.

The last coin on Trader’s Radar is Ethereum Name Service (ENS). This is a project aimed at allowing users to create personalized domain names for their crypto addresses. According to Van de Poppe, the ENS looks good for a move up after he converts resistance near $13 to support.

“Breakout of $13 and now resistance supporting a reversal. We target $15.40 and $17 as they are most likely to lead to continuation.”

sauce: Van de Poppe/Twitter

At the time of writing, ENS is worth $14.54, up 3% over the last 24 hours.

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