Analyst Michaël van de Poppe says significant opportunities have emerged for the Bitcoin, Ethereum and crypto markets
A popular crypto analyst provides his latest outlook on leading digital assets Bitcoin (BTC) and Ethereum (ETH), a mid-cap altcoin, and the crypto markets at large.
Crypto strategist Michaël van de Poppe tells his 626,000 Twitter followers that BTC needs to find support above $19,500 to start a rally.
He also notes the importance of the forthcoming speeches by European Central Bank (ECB) President Christine Lagarde and Fed Chair Jerome Powell.
“Bitcoin is going so far so well but needs to continue above $19,500. Then it’s party time. Today it can be important if Lagarde and Powell speak.”
Source: CryptoMichNL/Twitter
Bitcoin is changing hands for $19,255 at the time of writing.
The analyst then says that top smart contract platform Ethereum is “mooning” after finding bottom on September 7th, adding that altcoins are following in their footsteps.
“Bottom.
Ethereum Mooning.
Other altcoins will follow.
dollar falls.
Long crypto.”
ETH was in the $1,500 range around the time Van de Poppe made his tweet. It quickly jumped to $1,643 before stabilizing at around $1,623 at the time of writing.
Van de Poppe then targets Ethereum challenger EOS (EOS). He says that the smart contract platform is on track to reach the $2 price level after a strong upleg.
“Very strong jump on EOS at the desired level. Looking solid for a $2 sequel.”
EOS is trading at $1.62 at the time of writing.
The trader concludes his analysis by looking at the crypto industry’s total market cap and says that a “nice” retest of its 200-week moving average (MA) is on the horizon.
“If you would ask me, a beautiful retest of the entire market cap of the 200 week ma is being performed. This implies a significant buying opportunity for you in the crypto markets [US dollar index] is also approaching a peak. So far it’s going as planned.”
Check the price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check the latest headlines
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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/Space Wind
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.