A widely respected cryptocurrency trader has updated his outlook for Bitcoin (BTC) and cross-chain protocol Wormhole (W), predicting that the two altcoins will hit new all-time highs.
In a new strategy session, cryptocurrency analyst Michaël van de Poppe told his 728,300 followers on social media platform
Traders say SUI will ultimately hit a new all-time high after a correction.
“SUI – where can I buy it? Although technically there is a chance for it to be better (expected value), SUI will likely be one of the coins to achieve a top 10 ranking at the end of the cycle. The aggressive entry point is $1.50-$1.60. A conservative entry point is $1.30-$1.40. target? “It has reached an all-time high.”
SUI is trading at $1.92 at the time of this writing.
Van de Poppe goes on to say that the decentralized machine learning network Bittensor (TAO) is poised to move towards new highs, with the $500 level acting as support and the $620 level indicating an important breakout zone.
“The next thing to hit an all-time high will probably be TAO. Super powerful returns, super powerful assets. I am expecting a test of the $500 hold for support after which we will run towards new all-time highs. Critical Breakout: $620.”
TAO is worth $650 at the time of this writing.
Moving on to interoperability platform Wormhole, traders say it’s “finally” looking good and should continue to rise if it stays above $0.25.
“The W finally looks really good. We have secured liquidity and are currently looking for higher lows. If it stays above $0.25, I expect there to be some continuation from here. The optimal entry to buy is $0.25-$0.275.”
W is trading at $0.351 at the time of this writing.
As for Bitcoin, Van de Poppe says BTC is gearing up for a rally that will last until December.
“The market continues to show upward momentum, especially with the re-staking coin awakening. Bitcoin has recovered above $62,000 and is poised for an October-December rally.”
As of this writing, BTC is worth $63,814.
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