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Home»ALTCOIN NEWS»Analyst Michaël van de Poppe predicts 90% rebound in top 20 Ethereum-based altcoins, updates Bitcoin outlook
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Analyst Michaël van de Poppe predicts 90% rebound in top 20 Ethereum-based altcoins, updates Bitcoin outlook

By Crypto FlexsFebruary 1, 20243 Mins Read
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Analyst Michaël van de Poppe predicts 90% rebound in top 20 Ethereum-based altcoins, updates Bitcoin outlook
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The widely respected cryptocurrency analyst and trader believes that the top 20 altcoin projects are ready to take another step forward.

Michael van de Poppe says 692,300 followers on social media platform

“Chainlink is still stuck in a range, but a breakout to the upside is likely. why?

– Liquidity fell to $12.20.

– Several resistance tests.

– BTC pair bottoms.

– ETH is starting to wake up.

“I think we’ll see $25 to $30 in the next few months.”

Source: Michaël van de Poppe/X

Looking at his chart, LINK has made four tests of the key resistance level around $16.54 since November, suggesting that another attempt could soon turn that level into support.

Chainlink is trading at $15.57 at the time of this writing.

Next is the merchant predict Bitcoin (BTC) is set to retest higher levels ahead of the April halving event, when miners’ rewards will be halved. During the same period, he predicted that altcoins would surpass the cryptocurrency kings.

“Bitcoin has pushed liquidity past all-time highs and is likely to consolidate. Overall, a pre-halving of the new test at $48,000-$50,000 is likely, and altcoins will see tremendous performance during this period.”

video
Source: Michaël van de Poppe/X

Traders make long-term plans. eyesight As for Bitcoin, we predict that BTC could break out of its trading range in 2024 and then soar to all-time highs before 2025.

“(This) scenario still remains in Bitcoin.”

video
Source: Michaël van de Poppe/X

Looking at his charts, the trader suggested that Bitcoin could reach $68,000 in the first half of next year. He also suggested that Bitcoin could rise to $50,000 ahead of the halving and then fall to $39,129 before resuming its upward momentum.

Bitcoin is trading at $42,439 at the time of writing and is down more than 2% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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