Crypto Expert Predicts Imminent Break to Fresh Record Highs, Revises Forecasts on Bitcoin, Ethereum, and a Particular Altcoin
In a recent analysis, cryptocurrency trader Michaël van de Poppe has shared his predictions for Bitcoin (BTC), Ethereum (ETH), and Bittensor (TAO).
Currently, Bitcoin is trading at around $109,100, having consolidated after breaking past $106,500. According to van de Poppe, the next breakout could push Bitcoin above its all-time high, with a potential buying zone around $107,000 to $108,000.
Ethereum, currently trading at about $2,770, is expected to have a significant breakout after a prolonged consolidation. Van de Poppe predicts Ethereum could rise by about 26% from its current level, targeting a price range of $3,400 to $3,500 if it breaks the resistance at $2,800.
Bittensor (TAO) is also in focus, with van de Poppe predicting a potential uptick if TAO breaks above its resistance at around $350. This could trigger a surge towards the upper end of its range ($470). Currently, TAO is trading at $328.
TOTAL, which tracks the market cap of all digital assets excluding stablecoins, is gearing up for a massive breakout after printing a series of higher lows since the start of 2024. As of writing, TOTAL is trading at $3.323 trillion, down about 11% from its all-time high of $3.738 trillion.
Van de Poppe also believes that new record highs are in sight for Bitcoin and thinks that Ethereum could spark a huge upside burst if it takes out resistance at $2,800. However, at the time of writing, Ethereum is worth $2,570, and TAO has not yet breached its resistance at around $350.
Michael van de Poppe, a widely followed trader, has maintained a bullish outlook for the crypto market, predicting significant price movements for several key cryptocurrencies. His analysis provides valuable insights for investors and traders seeking to navigate the volatile crypto market.
In light of Michaël van de Poppe's analysis, altcoins like Ethereum (ETH) and Bittensor (TAO) might exhibit substantial price increases, with Ethereum potentially reaching $3,400 to $3,500 if it breaks the $2,800 resistance, and TAO surging towards $470 if it breaches its resistance at around $350. Beyond these specific predictions, van de Poppe also anticipates new record highs for Bitcoin, suggesting potential for growth in the larger cryptocurrency market.
