Popular cryptocurrency analyst Michaël van de Poppe examined what could happen in Bitcoin (BTC) and Ethereum (ETH) price movements in the coming days as the digital asset market corrects.
READING NOW According to Cryptocurrency Analyst Michaël van de Poppe, What Can Happen in Bitcoin (BTC) and Ethereum (ETH)?
Popular cryptocurrency analyst Michaël van de Poppe examined what could happen in Bitcoin (BTC) and Ethereum (ETH) price movements in the coming days, with the correction of the digital asset market.
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In his new video, Van de Poppe said that Bitcoin is hovering at an important price level that could determine its momentum in the short-term:
Van de Poppe says he bought Bitcoin around $41,000, but also highlights that if the critical support area is broken, he could see a sharp move up to $37,000 or $35,000. At the time of writing, Bitcoin was trading around $42,500.
As for Ethereum, Van de Poppe says that ETH is facing areas of heavy resistance and will consolidate before firing up the next leg.
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