Popular Twitter analyst Michael van de Poppe updates his analysis of trending altcoin STEPN (GMT) as he predicts Bitcoin (BTC) will soon reach $46,000 and even higher.
Michael van de Poppe says Bitcoin (BTC) may soon retest $46,000
Van de Poppe with 586,300 followers in a recent tweet at critical levels for Bitcoin (BTC) shared two technical charts showing According to the analyst, a break of $ 46 thousand may strengthen the target of $ 50 thousand:
If the market wants to see a continuation, it must surpass the $42.3 thousand resistance level for BTC. This is also a daily break for some people. If successful, I predict a new test of $46,000 is on the horizon, with the possibility of paying out more than $50,000.
Van de Poppe thinks Bitcoin’s upside looks “good so far” and signs of weakening US Dollar Index (DXY) points out. When DXY falls, BTC tends to gain as well. The analyst says:
Things are going well for Bitcoin so far. I do not believe the upward rally is over as DXY is showing signs of weakness… I still believe that the uptrend of Bitcoin will continue if the $40.3k level is maintained.
Analyst updates technical view for a trending altcoin
Van de Poppe moves to the trending lifestyle altcoin GMT, which equips its users with NFT sneakers and rewards them for real-life steps, STEPN’s says its current valuation of $1,900,000,000 is an “absolute joke”:
To be honest, the fact that GMT is worth $1.9 billion ([fully diluted value] $18 billion) is a complete joke, but it reveals a lot about the company. The potential of this market is huge and we are just at the beginning of the game. Marketing is redoing everything in the cryptocurrency world. As
Kriptokoin.com, the sale of STEPN x ASICS NFT sneakers was announced by Binance NFT on April 19, and the GMT price was $3.83 ATH on April 20 with this news. recorded level.
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