High-profile crypto trader Michaël van de Poppe is outlining critical price levels for Bitcoin (BTC), Ethereum, VeChain and Kava.
Van de Poppe tells his 352,000 Twitter followers that Bitcoin continues to consolidate in the low-$30,000 range.
He says, however, that if the top cryptocurrency falls from the $32,500 area, it will likely shoot down to $31,000, which he sees as one of the final barriers to a sharp decline.
“Bitcoin still barely holding support here. If this is lost, I’m looking at the final hurdle around $31K for support on this one.
For now, it’s still consolidating overall.”
On the flip side, $34,673 is the key point of resistance that Bitcoin needs to break to continue its ascent, according to Van de Poppe. BTC has been rejected twice at that resistance point in the past month.