In the vast and often perplexing world of cryptocurrency, a well-known analyst, Michaël van de Poppe, has once again taken to the digital stage to share his latest insights. With a fan base of over 800,200 followers, van de Poppe is no stranger to stirring the pot with his predictions. This time, he’s casting a wary eye on Bitcoin (BTC), suggesting that if the digital currency fails to maintain a crucial support level, it might just take a nosedive that would make even the most seasoned traders reach for their Dramamine. 🚀
“Bitcoin didn’t break entirely through the resistance here. Small corrective day, however, on the lower timeframes, it’s clear that Bitcoin is trending upwards again. Crucial area to hold at $115,000. If that’s lost, likely new lows.”
But fear not, dear reader, for van de Poppe also sees a silver lining. Should Bitcoin manage to cling to its support zone, it could very well be on its way to setting a new all-time high (ATH). A bold claim, indeed, especially when the market is as fickle as a springtime weather forecast.
“Phenomenal break upwards on the altcoin and Bitcoin markets. It’s still facing the next resistance, but the trend seems to be kicking back upwards. What is crucial to hold? $114,800 Hold that and we’ll be seeing a new ATH. Right on edge with the rates falling downwards.”
At the time of this writing, Bitcoin is trading at a modest $116,497, a figure that leaves many traders both hopeful and anxious. But what about Ethereum (ETH), the second-largest cryptocurrency by market capitalization?
“ETH is back to $3,900 and is likely going to attack that $4,000 resistance in the coming days. The markets are strong, volume is picking up, more volatility is coming in and the joy will be back.”
Van de Poppe is particularly bullish on altcoins, suggesting that these often-overlooked gems of the crypto world are ripe for massive gains in the near future. He argues that while many investors are too busy complaining about the market, the real opportunities lie in the shadows, waiting to be seized.
“I think that the altcoin markets are extremely mispriced… Almost all altcoins haven’t gotten back to their previous levels, which means that there’s still a massive opportunity that people overlook as they are too busy screaming on social media how bad the markets are.
I remain all-in into altcoins as I think that there’s 200-500% to be made in the next 2-4 months. A lot of altcoins haven’t really gotten back to their levels from early ’25. Of course, some aren’t going to be showing momentum, but the recent move of ETH is the first step forwards to a more risk-on appetite.”
As of now, Ethereum is trading at a robust $3,945, a figure that seems to echo van de Poppe’s optimistic outlook. Whether his predictions will come to fruition remains to be seen, but one thing is certain: in the world of crypto, the only constant is change. 🌟
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2025-08-08 23:12