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Cryptocurrency markets’ popular analyst Michael van de Poppe suggested that cryptocurrencies are on the brink of a prosperous new era. The notable figure in the markets made significant claims in his statements. Here are the details!
Analyst’s Crypto Call
Popular cryptocurrency market analyst Michael van de Poppe emphasized to his followers on the social media platform X that better times are near for cryptocurrency markets. The popular analyst made the following statements on the subject:
This could be the last easy rally in cryptocurrencies that will change your life. If you survived the correction and are still here, congratulations. The upcoming period will be even more amazing.
Additionally, analyst Michael van de Poppe suggested that with Bitcoin (BTC) increasing by 10% over the past week, the $61,000 price region has become support for BTC’s next rise. The senior analyst stated:
The critical level for Bitcoin has changed between $60,500 and $61,000. Momentum is likely to continue from here, and the trend has changed. In response, as confidence returns, altcoins are significantly increasing.
“Time Has Come for ETH!”
BTC, seen as the flagship of cryptocurrency markets, was trading at $67,276 with a 2.5% increase on the day of writing. Additionally, while altcoin markets follow Bitcoin’s lead, the analyst points out a noteworthy exception. Addressing Ethereum (ETH), the second-largest altcoin in cryptocurrency markets, the analyst made the following statements:
Altcoins are now waking up; the only thing left is ETH. As the dominance chart faces higher time frame resistance and with numerous major events approaching for Ethereum, including exchange-traded funds and lawsuits, we are on the brink of a reversal here.
ETH was trading at $3,111 with a 5.5% increase in the last 24 hours at the time of writing.
