Crypto Analyst Michaël van de Poppe Updates His Outlook on Bitcoin (BTC) and Three Altcoins As Markets Stumble

Widely followed cryptocurrency trader Michael van de Poppe sees bullish signals for Bitcoin (BTC) and another altcoin while naming support areas for two popular smart contract platforms.

In his recent series of tweets, Van de Poppe Says His 551,000 followers claim that bitcoin’s price action is “creating an upward divergence.”

“Bitcoin’s lower time frame is creating a bullish divergence while you are at massive support at $41,000.

If it breaks $42.8-42.9K, a test of $46K is likely, and after that, bullish divergence emerges.”

source: CryptoMichNL / Twitter

Bitcoin is currently trading at $42,011, south of the crucial bullish breakout levels identified on Van de Poppe’s chart.

Looking at the second largest cryptocurrency by market cap, Ethereum (ETH), the trader Expect The bottom may be coming soon despite the recent downtrend.

“Ethereum is heading south significantly but is actually hitting a huge area on the previous resistance at $3,320.

The next important level after the block is between $3500-3600.

It might be close to the bottom, too.”

picture
source: CryptoMichNL / Twitter

Ethereum is exchanging hands for $3,208 at the time of writing, once again south of crucial resistance levels set by the Van de Poppe chart.

When analyzing Cardano (ADA) price action, Van de Poppe . still remains be seen The cryptocurrency asset that ranks seventh in terms of market capitalization and is highly dependent on the support area.

“Not much has changed on the ADA.

It is still at the lower end of the range, which is a strong support level.

Not the right range to look for shorts, I prefer to look for long buys.”

picture
source: CryptoMichNL / Twitter

Cardano is currently trading at $1.24, within the support range highlighted by Van de Poppe’s analysis.

Finally, the crypto parser look in the Enterprise Solutions VeChain (VET) blockchain, which analyzes it against the price of BTC.

“VET looks strong, but that level still needs to be broken around 205-210 sat [$0.086-$0.088].

If so, it is very, very likely that the uptrend will continue.”

picture
source: CryptoMichNL / Twitter

Van de Poppe also sets 0.00000150 BTC [$0.063] As a support area for VET to retest it before launching into a bullish continuation.

At the time of writing, VeChain is trading at $0.080, 27% above the support area identified by Van de Poppe.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

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