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Is the bottom-in for Bitcoin and Ethereum? Top analyst Michaël van de Poppe updates crypto forecast

Highly respected crypto analyst Michaël van de Poppe suggests three popular crypto assets have bottomed out while telling potential altcoin investors that the best time to buy may be now.
Van de Poppe said that in a tweet to his 532,900 followers Ethereum(ETH) ‘s current retest of the $ 3,600 to $ 3,700 range is a sign that a continuation upward is likely for the leading smart contract platform.

“I think the correction is finished at Ethereum in which we saw some nice repeat tests.

I expect this scenario to play out. “
Source: CryptoMichNL / Twitter
ETH is currently trading at $ 4,055, up 10% from the day.

With a view to Bitcoin (BTC) Van de Poppe believes that the current market structure is almost identical to the pattern of BTC during the September correction.

“Pretty much the copy / paste of the September low here.

In view of the small impact of the Fed meeting on prices, I assume that the price will also accelerate if it cracks decisive resistance. “
Is the bottom-in for Bitcoin and Ethereum?  Top analyst Michaël van de Poppe updates crypto forecast, Crypto Trading NewsSource: CryptoMichNL / Twitter
The “Fed meeting” referred to by Van de Poppe was the meeting of the Federal Reserve Open Market Committee (FOMC) on interest rates inflation and curb on asset purchases, which occurred on December 14th.

The meeting had little impact on BTC prices as the leading crypto asset is currently trading at $ 48,275, up about 3.5% since the FOMC meeting.

Next, Van de Poppe evaluates the price action of the enterprise solution blockchain VeChain (VET). The crypto trader believes vocational training has bottomed out but expects further accumulation before a breakout can occur.

“I think VET has hit rock bottom.”
Is the bottom-in for Bitcoin and Ethereum?  Top analyst Michaël van de Poppe updates crypto forecast, Crypto Trading NewsSource: CryptoMichNL / Twitter
Van de Poppe’s chart shows the VET / BTC price action and suggests that VeChain’s bottom is in the range of 0.00000170 BTC, or around $ 0.082. At the time of writing, VeChain is trading at $ 0.086.

Finally, Van de Poppe offers the following analysis to all potential altcoin investors considering buying the dip:

“Historically, December is the best time to buy altcoins.

Most likely this will repeat itself. “
Check price promotion

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Source: Crypto News Deutsch

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