A popular crypto analyst and trader is laying out his predictions for a handful of leading crypto assets as the markets rebound.
In a tweet to his 557,000 followers, Michaël van de Poppe says that greener pastures might be on the horizon for Bitcoin (BTC) if the leading crypto can hold the $42,000 support level.
“If the area around $42K holds, I’m assuming we’ll start looking upwards.
Above $43K we might accelerate towards $46K as there’s not much in between for Bitcoin.”
Source: Michaël van de Poppe/Twitter
Currently, Bitcoin is up 2.32% and priced at $43,639.
The analyst next looks at decentralized network Ethereum (ETH), which recently snapped out of a month-long slump. He’s eyeing two key levels to see where the leading smart contract