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Renowned crypto analyst Michael van de Poppe has forecasted a strong upward movement for Ethereum 
$2,596‘s layer-2 scaling solution, Optimism (OP). In a strategic assessment shared with his 736,000 followers on the social media platform X, van de Poppe suggested that OP could exhibit remarkable price movements in the coming months.
Potential for Optimism’s Rise
Van de Poppe noted that OP is currently aligned with its competitor Polygon, trading at $1.54. Although OP experienced a 7% decline over the last 24 hours, it recently tested a critical resistance level but failed to surpass it. Despite this, he mentioned that if OP re-tests the $1.80-$1.90 range, it could see its all-time high reached in January.
“Volatility in OP is notable. A critical resistance was tested, but a 20% drop occurred. If the $1.80-$1.90 levels are re-tested, a strong upward movement can be expected,” he stated.
Critical Predictions for Bitcoin
Van de Poppe also suggested that Bitcoin 
$103,521 might reach the $100,000 mark in the coming days. However, he warned of a potential sudden liquidity squeeze in the market within the next week or two.
“Bitcoin is gaining significant momentum. However, we could see a sudden ‘flash crash’ in the markets, necessitating caution in the short term,” he remarked.
Currently, Bitcoin is trading at $88,757, with a 5% decrease within the day. This price still keeps the $100,000 target within reach.
Market Expectations and Recommendations for Traders
Van de Poppe’s remarks underscore the increasing volatility in the cryptocurrency markets. In this process, he emphasizes that traders should exercise caution and manage their risks effectively.
To reach its all-time high of $4.84 from its current price, Optimism requires a 214% increase. However, achieving this target will depend on market conditions and global economic dynamics.
Recent fluctuations have prompted traders to reassess their strategies. Investors who listen to analysts like Michaël van de Poppe should conduct their own research to make informed decisions.
Due to high volatility in crypto markets, investors are constantly urged to stay prepared. Monitoring market trends, evaluating expert opinions, and conducting thorough analyses are crucial. It is important to formulate long-term strategies without being lured by the allure of short-term gains.
