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COINTURK NEWS > Altcoin News > Michael Van de Poppe Forecasts Significant Gains for Aptos
Altcoin News

Michael Van de Poppe Forecasts Significant Gains for Aptos

In Brief

  • Aptos could experience significant value increases according to Michael van de Poppe.

  • Ethereum shows strong signals against Bitcoin, indicating potential gains.

  • Altcoin season is anticipated after upcoming corrections in the market.

Fatih Uçar
Fatih Uçar 6 months ago
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Popular crypto analyst Michael van de Poppe indicated that Aptos, a competitor of Solana $152, could see double-digit increases in value after surpassing a significant resistance level.

Contents
Aptos’ Rise and USDC SupportEthereum’s Position Against Bitcoin

Aptos’ Rise and USDC Support

Van de Poppe expressed that the addition of USDC support to the Aptos network is a positive development. Currently, Aptos is trading at $12.09, having gained approximately 22% in value over the past 30 days.

“APT is one of the networks with high capacity for facilitating transactions. The price chart looks excellent. It has surpassed a significant resistance zone, and great news is coming! Staying above this level will allow us to see a rise towards $17 and $20.”

Van de Poppe predicts that Bitcoin $104,666 will reach the $100,000 level on Friday but warns of a possible sudden pullback afterward. Bitcoin is currently trading at $99,007.

“Bitcoin will reach $100,000 on November 22. However, future corrections will occur as sudden drops, and these moments will present opportunities for traders to open positions.”

Ethereum’s Position Against Bitcoin

The analyst noted that Ethereum $2,607 has provided a strong reversal signal against Bitcoin. The ETH/BTC trading pair has shown significant divergence for an upward trend on the daily chart.

“A major bullish divergence is starting on ETH. This is a great sign.”

Van de Poppe added that if the ETH/BTC pair breaks the 0.036 BTC support, it will confirm Ethereum’s strengthening against Bitcoin. Currently, ETH/BTC is trading at 0.03340 BTC.

The analyst believes that altcoin season will begin after Bitcoin and altcoins experience a correction. Following corrections in Bitcoin and altcoins, altcoins will regain value.

Aptos’ USDC support and strong price movements present attractive opportunities for traders. Bitcoin’s high target and Ethereum’s strong signals indicate significant developments in the crypto market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 22 November, 2024 - 11:42 pm 22 November, 2024 - 11:42 pm
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