The cryptocurrency market follows a very volatile course. Leading crypto Bitcoin fell below $70,000 from its peak. Now it is struggling just around that round figure. The leading altcoin Ethereum is trying to protect $ 2,500. Despite the bearish sentiment in the market, a popular analyst paints a positive picture for BTC and ETH.
November and December predictions for Bitcoin from the popular analyst!
As you follow from Kriptokoin.com, the market continues to remain under pressure before the critical US NFP data. Leading crypto Bitcoin continues its struggle within 70 thousand dollars despite the selling pressure. Analyst Michaël van de Poppe, who has a well-deserved reputation in the market with his predictions, shared his latest predictions with his 734,900 followers on the social media platform X. The analyst predicts that Bitcoin will see an increase of between 10% and 38% by the end of the year. In this context, the analyst makes the following statement:
It’s been less than two to four weeks and we’re approaching an all-time high for Bitcoin. What’s next? I think $80,000 in November, $90,000 [to] $100,000 in December.
Source: Michaël van de PoppeMeanwhile, Bitcoin was trading at $70,047 at the time of writing. This is approximately 4.7% away from the ATH level of $73,800, which it reached in the first quarter of the year. According to Van de Poppe, BTC is consolidating before rising to the ATH level. In this regard, the analyst said, “As long as we stay above $70,000, it is party time.” he says.
Analyst points above $ 3 thousand for Ethereum!
Michaël Van de Poppe also shares his predictions for the leading altcoin Ethereum (ETH). According to the analyst, Ethereum could rise over 13% in November after maintaining the support level around $2,300. In this regard, the analyst said, “Ethereum took the liquidity and ran back to resistance. “I think we will surpass this in the next week or two and see $3,000+ in November.” he says. Meanwhile, Ethereum was trading at $2,522 at the time of writing, down 5% in the last 24 hours.
Source: Michaël van de PoppeWill Ethereum remain weak against Bitcoin?
Michaël Van de Poppe also looks at the Ethereum/Bitcoin pair (ETH/BTC). The analyst says that the bearish trend on the daily chart of the pair “will prevail”. A downtrend occurs when the price witnesses lower lows while an indicator such as the Relative Strength Index oscillator is recording higher lows. The analyst says that if ETH/BTC falls further, it could lose about 15% of its value from its current price to 0.031 BTC. Meanwhile, ETH/BTC is changing hands at 0.0359 BTC at the time of writing.
Source: Michaël van de Poppe
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