Bitcoin (BTC)Crypto NewsEthereum (ETH)

Analyst Michaël van de Poppe Says Significant Opportunity Has Arrived for Bitcoin, Ethereum and Crypto Markets

A popular crypto analyst shares his latest outlook on the leading digital assets Bitcoin (BTC) and Ethereum (ETH)a mid-cap altcoin, and the crypto markets at large.
Crypto strategist Michaël van de Poppe tells his 626,000 Twitter followers that BTC needs to find support above $19,500 to trigger a rally.

He also notes the importance of the forthcoming speeches by European Central Bank (ECB) President Christine Lagarde and Fed Chair Jerome Powell.

“Bitcoin is going so far so well but needs to continue above $19,500. Then it’s party time. Today it can be important if Lagarde and Powell speak.”
Source: CryptoMichNL/Twitter
Bitcoin is changing hands for $19,255 at the time of writing.

The analyst then says the best smart contract platform Ethereum is “mooning” after it bottomed on September 7th, adding that altcoins are following in its footsteps.

“Bottom.

Ethereum mooning.

Other altcoins will follow.

dollar falls.

Long crypto.”

ETH was in the $1,500 range around the time Van de Poppe made his tweet. It quickly jumped to $1,643 before stabilizing at around $1,623 at the time of writing.

Van de Poppe then makes his way to Ethereum Challenger EOS (EOS). He says that the smart contract platform is on track to reach the $2 price level after a strong upleg.

“Very strong jump on EOS at the desired level. Looking solid for a $2 sequel.”
Analyst Michaël van de Poppe Says Significant Opportunity Has Arrived for Bitcoin, Ethereum and Crypto Markets, Crypto Trading NewsSource: CryptoMichNL/Twitter
EOS is trading at $1.62 at the time of writing.

The trader concludes his analysis by looking at the crypto industry’s total market cap and says that a “nice” retest of its 200-week moving average (MA) is on the horizon.

“If you would ask me, it will be a beautiful re-test of the whole market capitalization of the 200-week MA. This implies a significant buying opportunity for you in the crypto markets [US dollar index] is also approaching a peak. So far it’s going as planned.”
Analyst Michaël van de Poppe Says Significant Opportunity Has Arrived for Bitcoin, Ethereum and Crypto Markets, Crypto Trading NewsSource: CryptoMichNL/Twitter

Featured image: Shutterstock/Space Wind

Source: Crypto News Deutsch

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