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Popular cryptocurrency analyst Michael van de Poppe has revealed that the modular blockchain Celestia could experience a significant upward movement once it surpasses the $4.35 mark. Additionally, he shared insights on Bitcoin 
$108,079, suggesting that if it maintains levels above $82,000, it might push towards $90,000.
Current Status of Celestia
Launched in October 2023, Celestia is currently trading at approximately $3.32. Van de Poppe indicates that a breakout above the $4.35 level could lead to a value increase of around 32% for this altcoin.
Michael van de Poppe: “TIA is still performing well. We will see the real rise above $4.35.”
Expectations for the Bitcoin Market
As Bitcoin hovers around the $83,690 mark, the analyst noted that a significant breakout has yet to occur in the market structure. Van de Poppe mentioned that a sustained level above $81,500 and $82,000 could accelerate upward movement in the next week or two.
Michael van de Poppe: “Although no breakout has been observed, the formation shows promise for upward movement. If we maintain above $81,500, we could progress towards $90,000.”
Should Bitcoin surpass the $86,000 level, new higher lows are anticipated. Analysts believe that if the current stagnation is overcome, a distinct upward trend may emerge.
Michael van de Poppe: “Stagnation still dominates Bitcoin markets. I expect to see new higher lows if we stay above $82,000; overall, the market is fluctuating without real momentum.”
Poppe’s focus for bullish trends centers on closing above $86,000 and $82,000. If these levels are achieved, it could trigger the anticipated recovery.
These market evaluations can significantly shape investor expectations. The analyst indicated that positive movements could commence once critical price levels are surpassed for both cryptocurrencies. Investors should remain cautious and closely monitor the market when considering such insights.
