Tag: Michaël Van De Poppe

These Are the Crucial Regions Bitcoin (BTC) Must Flip, According to Crypto Analyst Michaël van de Poppe

by Dailyhodl

A widely-followed crypto analyst says Bitcoin (BTC) is showing strength but needs to flip certain levels to continue its recent near 10% rebound.

In a YouTube update, Van de Poppe tells his 165,000 subscribers that BTC is still carving out a comfortable range for itself.

“We have been taking the actual low there around $36.4k, and as a result, we bounce back up towards $38k. This means that we’re still constructing a range.”

Though price action over the past 24 hours has been positive for the Bitcoin markets, Van de Poppe says BTC is still finding resistance at current levels.

“We can clearly state that the Bitcoin markets are still fighting a resistance. Anything below this level here at $38.8k is not really something that I’d be interested in.

Yes, we are getting a beautiful bounce back up, but the volume is still relatively low, indicating that we are just not seeing all the strength that we need. But, if we do break above $38.8k, I’m assuming that $41.5k is next. So this crucial breaker [$38.8k] is still the one to watch.

We also have this one that we have been acting on as support at $38.2k, which could be hitting resistance here.”

Van de Poppe says Bitcoin dropping back towards $36,000 is still in the realm of possibilities, though such a drop could then form a bullish divergence for the leading crypto by market cap.

“One of the scenarios to bottom out is still having a re-test of the actual lows, creating a bullish divergence in that region, and then we are eager for a reversal. So, this spot [$38.2k], for me, is the crucial resistance zone. If we do break through it and flip this for support, that is going to be a long trigger in which I want to take the long to watch $41.5k for a nice 8% gain.”

Bitcoin is currently up 9.4% on the day, trading for $40,336.

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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.

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Here’s Why Bitcoin (BTC) Is Bouncing, According to Crypto Analyst Michaël van de Poppe

by Dailyhodl

Popular crypto analyst Michaël van de Poppe says Bitcoin (BTC) is bouncing between rallies and corrections in part due to the strength of the dollar.

In a new YouTube update, Van de Poppe tells his 165,000 subscribers why Bitcoin is correcting after a heavy bounce from recent lows.

“We had a beautiful bounce from mid-$32k… towards $39k, or close to $39k, and we’ve reversed that trend today. Why are we actually bouncing?

The dollar has been showing some weakness after it has been searching heavily. Because of that weakness, the markets that were risk-on… Bitcoin, for instance, has shown some strength up-wise. However, during the entire run of Bitcoin, we’ve been seeing not too much strength as Bitcoin has been fading down with the volume, not indicating that we were actually having a very strong push-up anymore. 

So, that resulted in this correction today.”

The analyst illustrates Bitcoin’s recent price fluctuations on Twitter with a chart highlighting the low-$37,000 region as the target for BTC’s next bounce.

“And that’s not a breakthrough for Bitcoin, so correction takes place.

Green zone first potential bounce possibility. 

Overall remaining cautious.”

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Source: CryptoMichNL/Twitter

However, if BTC fails to hold near $37,000, the analyst predicts a possible 8% drop.

“If Bitcoin loses this level at $37Kish, I think it will start to drop fast towards the lower bound of the region around $34-35K.”

Looking to the future, Van de Poppe recommends Bitcoin traders remain calm and cautious for the time being.

“So, what is most likely going to happen right now? I think you should be relatively calm. Look for coins that can have some staking. Start accumulating, slowly, [since] the entire range is still a big chance.

Look at the dollar – what is going to happen there?

And just play it slow.”

Van de Poppe expects Bitcoin to make major, though unspecified, gains in the near future, wherever the leading crypto by market cap finds support.

“Anything like this would make sense for Bitcoin.”

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Source: CryptoMichNL/Twitter

Bitcoin is trading for $36,756 at time of writing, down nearly 2% on the day.

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Here’s What Bitcoin (BTC) Must Reclaim To Become Bullish, According to Crypto Analyst Michaël van de Poppe

by Dailyhodl

One popular crypto analyst says Bitcoin (BTC) must reclaim a specific price level to turn crypto markets bullish again.

In a series of tweets, crypto trader Michaël van de Poppe tells his 565,700 Twitter followers that the markets rejected Bitcoin at $38,000.

“Bitcoin rejected on the first crucial resistance at $38K. 

Reclaiming $37.6K would be something, not expecting it.”

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Source: CryptoMichNL/Twitter

Hours later, Van de Poppe confirmed the $38,000 rejection while highlighting BTC support levels at $34,000 and $36,000. Van de Poppe also names the first step towards entering a bull market – flipping the $37,600 resistance to support.

“When we’re looking at a bit higher timeframes for Bitcoin. 

Rejected at the crucial resistance around $38K. 

Dropped south, making important support levels $36K and $34K. 

If we want to become bullish -> Flip $37.6K is [the] first step.”

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Source: CryptoMichNL/Twitter

Van de Poppe predicts a possible BTC bounce in the coming weeks and months, but with a major caveat.

“Might have a short-term bounce, but anything sub $37.5K isn’t shouting for bullishness.”

Bitcoin is trading for $36,037 at time of writing, down 3.22% on the day.

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Top Crypto Strategist Updates Bitcoin Outlook and What To Expect After Crypto Market Fallout

by Dailyhodl

Widely-followed crypto analyst Michaël van de Poppe says Bitcoin (BTC) is in a crucial support zone despite the leading crypto’s most recent dip below $40,000.

In a new YouTube update, Van de Poppe explains the events leading up to yesterday’s market dip to his 163,000 subscribers.

“After the US opened, we ran up, and then we started to nosedive again as the US equities also started to drop down.

So, that dropped down, and we didn’t really reclaim $43,500, and that dropped down beneath $42,400. I stated that, most likely, we are going to nuke because we’re dropping back in the range [beneath $42,400], and then it starts to nosedive to the other side and most likely even accelerate further because of the impact of such a drop. 

That is actually what has been taking place.”

Despite the drop, Van de Poppe suggests BTC might find even stronger support beneath $40,000.

“But, actually, we are back into that range… the green zone [around $38,000] to find some support on, which is that crucial level I’ve been claiming for a while.”

Because of this, the trader foresees a scenario where Bitcoin could rapidly rebound.

“I think if we get back to $40,700, we are going to bounce back through it quite fast.”

Van de Poppe is also quick to point out that an immediate bounce from $38,000 is not inevitable.

“If we drop beneath this green zone, that is a shit show. Then we’re going to test $30,000.”

In light of the crypto market’s unpredictable volatility, Van de Poppe maps out what he thinks will likely come next for the largest crypto asset by market cap.

“The short-term conclusion would be that we are getting a weaker move south… which shows that potentially the buyers are getting momentum back into the markets and sellers are losing their actual momentum. 

But that’s still a very early conclusion to make.

The conclusion to make is that we’ve lost $40,700 and that we have to crack through that one again. And if we do, then this entire move here [the current dip] is going to be a fake-out, and we’re going to test $46,000…

If I was looking for positions, I would be buying it.”

With Bitcoin down 10% on the day and trading for $38,560.79 at time of writing, the crypto analyst maintains an optimistic outlook.

“Conclusion: I think you should long, $40,700 is crucial, [and] we are creating a bullish divergence.”

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Top Crypto Analyst Unveils Massive Polkadot Prediction, Issues Cardano, Solana and VeChain Price Alert

by Dailyhodl

Crypto strategist Michaël van de Poppe is extremely bullish on Polkadot (DOT), while warning several popular altcoins may face further corrections.

The trader and analyst tells his 442,000 Twitter followers that DOT appears “programmed” to rise above $100 in the current market cycle.

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Using a Fibonacci extension model, he outlines $75 and $115 as potential targets.

“If we assume that the area around $37 is going to hold as we are into a bull cycle, you could wonder whether you could be getting into the markets already or whether there’s a retest. So you derive a potential scenario of potential lows and potential gains. So for you, the [upside] targets are $75 to $115…

If you analyze the fact that we are going to sustain at around $38, then the potential loss and invalidation is this previous low at $32.”

As for Cardano (ADA), Van de Poppe says the fifth-largest crypto asset by market cap is sending bearish signals on the Bitcoin (BTC) chart.

“Cardano against Bitcoin is showing heavy run-up, bearish divergence here, and currently showing weakness resulting in overall downwards momentum.”

The cryptocurrency analyst says that a buying opportunity may present itself if support around 0.00002930 BTC holds, which is worth about at $1.75 at time of publishing.

“The crucial area that I want to see sustained is overall this level [at $1.75]. If that is going to hold here, which I might find tricky, then I’m looking for anything in these regions for potential long entries.

If that one is lost, I think we’re going to look at the area around 0.0000150 BTC [$0.90] and 0.00002 [$1.19] BTC before we’re going to get bullish all over again.”

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Next up, Van de Poppe says he expects Solana (SOL) to experience “heavy correction.” According to the crypto analyst, the ideal opportunity would be after Solana corrects by about 67%, falling to around the 0.00135 BTC level on the SOL/BTC chart, which is currently valued at $80.40.

“Solana, same picture. Heavy correction most likely going to take place.

I practically have one area that I’m looking at to buy Solana at this point. It’s this region (0.00135 BTC). I’m not interested in Solana until there. That’s a corrective move of 67%.”

The cryptocurrency analyst also looks at supply chain management blockchain VeChain (VET), which he says is trending downwards.

“What we can see in this cycle too is that we are making lower highs [and] lower lows. And we are also rejecting previous support for resistance all the time.”

According to Van de Poppe, the “best potential entry point” on the VET/BTC chart is either the 0.00000110 BTC level or at 0.00000150 BTC, worth $0.066 and $0.089, respectively.

“Best potential entry point for me is around 0.00000110 BTC [$0.066]. I’m looking at an entry point in this region. If we get there in November and December, that would be absolutely amazing if that is going to be hit.

Second one – that’s this entire zone that we have here. We dipped in it already and that is the zone around 0.00000150 BTC [$0.089].”

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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.

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Crypto Trader Michaël van de Poppe Analyzes Bitcoin and Three Altcoins, Tracks When Alt Season Could Start

by Dailyhodl

Cryptocurrency trader Michaël van de Poppe is analyzing Bitcoin and three altcoins that he says could potentially rally.

In the case of Bitcoin (BTC), Van de Poppe tells his 114,000 YouTube subscribers that the flagship cryptocurrency is trading in a range on the lower time frames.

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“Looking at Bitcoin and the lower time frames, we can see that we’re still chopping around. So the critical support that we’re looking at with Bitcoin is still the area between $44,000 to $44,400.”

The crypto trader says that if this support level for Bitcoin gives in, BTC could re-test previous lows before starting to climb.

“We are not really falling through, meaning rejection. And then usually you will get a re-test of the lows, another lower high and then we start to fall through. At this stage, we make a lot [sic] higher low on the lower time frames, through which we potentially make a squeeze before we break back up.”

Van de Poppe also says that if his outlined scenario occurs, the altcoin season could kick off and send altcoins rallying.

“If this is going to happen, altcoins will most likely start shooting off, especially given the fact that Bitcoin will be showing strength.”

The analyst believes that the altcoin season typically begins under specific conditions.

“The actual alt season starts when Bitcoin is bottomed out, Bitcoin is grinding up, and when nobody is interested in altcoins at all.”

Van de Poppe also offers an alternative scenario in which Bitcoin breaks below the current support level.

“If we do reject here, the level to watch is the area at $43,000 and $40,000.”

The crypto analyst also takes a look at Litecoin (LTC). He says that if Litecoin’s current support level at around $165 holds, the next price target could be above $200.

“We are making a slightly higher low, so this is the critical breaker here [$165 support level] for Litecoin. And if that is the case, we can continue making higher highs, higher lows, in which the trend continues to go. And then we can start targeting 220 bucks as the next level for Litecoin.”

At time of writing, Litecoin is trading at $175.58 per CoinGecko.

Next up is the native token of crypto debit card issuer Swipe (SXP). Looking at the SXP/BTC pair, Van de Poppe says that Swipe could rally after breaking above the 100- and 200-day moving average (MA) indicators.

“If we’re looking at Swipe, for instance, we can say the exact same. The good part is it actually broke back above the 100-day and 200-day MA, implying that a new bull run can be happening.”

Finally, Van de Poppe analyzes the scaling solution Celer Network (CELR) in its Bitcoin pair. The trader says that CELR could rally after breaking above the moving averages and re-testing support levels.

“We can see the same about CELR – breaking back above those moving averages. But more importantly, re-test level here [0.00000063 BTC, or $0.02 at time of writing] for support after the big impulse wave, through which it is ready for a new impulse wave to be happening.”

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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.

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Michaël van de Poppe Analyzes Four Altcoins, Predicts Possible Scenarios for Bitcoin and Ethereum

by Dailyhodl

High-profile crypto trader Michaël van de Poppe is analyzing four altcoins that recently broke out, and he’s also tracing the path of Bitcoin and Ethereum.

Upon request from his 361,000 Twitter followers, Van de Poppe takes a look at proof-of-stake blockchain Terra (LUNA), which is up 3.6% on the day at time of writing, trading at $17.54.

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Van de Poppe says he is not interested in LUNA at the current price, but if the asset breaks down to $15 or even $11.50, he might consider a trade.

The analyst’s next target for LUNA is around $19.32. He says that LUNA must hold the $16.35 support level to signal further continuation.

Source: Michaël van de Poppe

Next up, Van de Poppe discusses the peer-to-peer transfer network Ravencoin (RVN).

Van de Poppe says he’s currently not interested in longing RVN in its Bitcoin pair (RVN/BTC), but if it retests support at 0.00000234 BTC or 0.00000261 BTC ($0.11 or $0.12 at time of writing), the analyst will consider a trade.

Ravencoin is trading at $0.15 at time of writing, according to CoinGecko.

Source: Michaël van de Poppe

As for scalable blockchain Cosmos (ATOM), Van de Poppe says that he expects the asset to retest support around $12.772 this month, then soar back up to $17 in September before reconquering the $20 area by November.

At time of writing, ATOM is trading at $15.10.

Source: Michaël van de Poppe

The fourth altcoin Van de Poppe discusses is decentralized trading platform Wootrade Network (WOO), which is trading at $0.867 at time of writing.

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Van de Poppe says Woo is facing resistance at $0.91. The analyst might consider a trade if WOO dips back down to $0.71 or $0.55.

Source: Michaël van de Poppe

As for Bitcoin, Van de Poppe says that the leading crypto is looking to flip $45,000 into solid support. The analyst says he will not be taking any trades as Bitcoin approaches the resistance zone from $47,000-$49,000.

At time of writing, Bitcoin has entered that resistance zone and is trading at $47,510.

Van de Poppe says that if Bitcoin continues this run-up into the resistance area this weekend, it will most likely be a fakeout. He says, however, that if BTC takes on a run during the week, then it could be on a legitimate rally.

Ethereum (ETH) is facing resistance as well at around $3,270, according to the analyst. Van de Poppe says he might consider a quick trade at $3,160.

ETH might crack through the resistance area, but that will depend on how Bitcoin performs at the current stage, says Van de Poppe.

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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.

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Bitcoin Needs to Sustain the Level Around $32.2-33K as Support to Strengthen an Upward Momentum, says Market Analyst

by Blockchain News

Bitcoin (BTC) was down by 1.48% over the last 24 hours after hitting the $36K level, with a price of $34,615 during intraday trading, according to CoinMarketCap.

BTC has been consolidating between the $30K and $40K range for more than two months, although it nosedived from an all-time high of $64.8K recorded in mid-April. Furthermore, the leading cryptocurrency recently dropped to lows of $28K as China’s crypto mining crackdown intensified. 

Market analyst Michael van de Poppe believes that the renewed upward momentum in the BTC market will be sustained if the area between $32.2 and $33K is strong enough to support. He explained:

“I find the level around $32.2-33K extremely important to sustain as support. That would generate a higher low & strength towards further upwards momentum.”

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Higher-highs and higher-lows are usually generated in an uptrend, whereas lower-highs and lower-lows are noted in a downtrend.

Michael van de Poppe had previously stated that if this area holds, the next level to be hit will be $38K. 

His sentiments were recently echoed by another trader, who noted:

“If Bitcoin doesn’t fall below 32K within the next 48 hours, We are probably to rise sharply to 39K and 42K Zone.”

Strong hands have reduced selling pressure from weak hands

According to on-chain analyst William Clemente III:

“Imo this chart is the easiest way to visualize what’s taken place over the last month under the hood. Strong hands have added increasingly through the recent price decline, now offsetting selling from weak hands. Now we wait for reaccumulation to complete – seller exhaustion.”

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Strong hands are investors who hold Bitcoin for the long term, whereas weak hands hold it for the short term. 

Clemente III had previously pointed out that the deadlock stuck on the BTC network was being caused by long and short-term holders. He acknowledged that long-term holders had bought an additional 579,940 BTC in the past month, whereas their short-term counterparts had sold 521,983 BTC in the same period.

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Ethereum Might Experience a Period of Consolidation, says Market Analyst

by Blockchain News

Ethereum (ETH) was hovering around the $2,584 price during intraday trading after regaining momentum in the last 24-hours.

The second-leading cryptocurrency by market capitalisation was on the receiving end from the recent crypto market crash, given that its price nosedived to lows of $2,000 from an all-time high (ATH) of $4,350.

Crypto analyst Michaël van de Poppe acknowledged that ETH held a crucial support level, which may enter into a period of consolidation. He explained:

“Ethereum is still holding a critical level of support here, through which a period of consolidation is likely going to happen. This happened in 2016 & 2017 as well, after which a new impulse wave happened.”

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On-chain metrics provider Glassnode also noted that the last active Ethereum supply over the previous three to six months reached a 2-year high of 18.55 million ETH, suggesting that a considerable amount of Ethereum was being transferred from cold storage to exchanges.

Ethereum’s transaction volume dries up

According to Glassnode:

“Ethereum’s transaction volume (7d MA) just reached a 1-month low of $230,006,909.69.”

Moreover, the number of ETH transfers recently hit a monthly low of 24,471.607.

Nevertheless, the total fees paid on the Ethereum network reached an 11-month low of 105.547 ETH. Its cost has become a significant challenge that ETH had faced, given that at one time, it hit a record high which was out of reach for the average trader. 

The decentralised finance (DeFi) sector aided Ethereum’s recent bull run. As a result, this area experienced an exponential expansion over the past few months as the number of users increased by 1,300% to hit 2.1 million. The total value locked (TVL) in smart contracts shot up by 9,000% and stood at $113 billion.

It, however, remains to be observed whether Ethereum will regain momentum to continue scaling new heights before the year closes. 

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Are Altcoins Doomed? Here’s What’s Next for the Crypto Markets, According to Trader Michaël van de Poppe

by Dailyhodl

Crypto analyst and YouTuber Michaël van de Poppe is sharing his altcoin trading strategy as Bitcoin gains ground against the asset class.

After briefly breaking below $32,000 earlier in the week, Bitcoin has since shot back up in value and is trading at $36,226.87 at time of writing, according to CoinGecko.

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That bullish move has caused altcoins to lose relative ground to BTC as traders swap their smaller market-cap assets for Bitcoin, Van de Poppe tells his 105,000 YouTube subscribers.

The trader notes that $35,000 is a a very critical level for Bitcoin to hold in order for BTC to continue its momentum upwards. If Bitcoin breaks above the $39,200-$40,800 price zone, Van de Poppe thinks it will begin a new bullish wave. However, he predicts it will first consolidate and test $35,000, then continue its upwards ascent.

Ethereum (ETH) and Cardano (ADA) both had a “healthy corrective move” in their Bitcoin pairs in the wake of BTC’s price surge, Van de Poppe explains. As top altcoins correct, Van de Poppe now is not the time he would sell his alternative assets for BTC.

“Does it mean that altcoins are dead? Does it mean that we should be swapping altcoins towards Bitcoin at this stage? No, I don’t think you should. But you should be realizing that the effect of the altcoins right now is because Bitcoin is getting some momentum…

So what is most likely going to happen? Bitcoin consolidating, altcoins bouncing back up, some altcoins continuing the momentum.” 

However, he notes that if Bitcoin makes a bullish break towards the $40,000 level in the short term, it could have a negative relative impact on altcoins.

“I would not be surprised if Bitcoin breaks above $40,000 and then in one candle goes to $49,000. And if that happens that is going to cause pain to the altcoins…

So inside this range-bound construction probably altcoins will start pacing up with Bitcoin. But the moment that it’s eager to start breaking out of this construction I think altcoins will have some more pain, the final pain…”

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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.

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Bitcoin (BTC) $ 27,079.26 5.56%
Ethereum (ETH) $ 1,880.66 4.06%
Litecoin (LTC) $ 90.08 3.03%
Bitcoin Cash (BCH) $ 114.92 5.43%