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Home»ALTCOIN NEWS»Crypto Trader posts new all-time BTC gains, suggesting one large altcoin could explode by up to 223%.
ALTCOIN NEWS

Crypto Trader posts new all-time BTC gains, suggesting one large altcoin could explode by up to 223%.

By Crypto FlexsOctober 27, 20242 Mins Read
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Crypto Trader posts new all-time BTC gains, suggesting one large altcoin could explode by up to 223%.
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A widely respected cryptocurrency analyst believes Bitcoin (BTC) is on the verge of a breakout despite falling to the $65,000 level on Wednesday.

Cryptocurrency trader Michaël van de Poppe told his 732,700 followers on social media platform

“Okay, that’s enough. There was a decline in Bitcoin. As today’s macroeconomic season begins with Purchasing Managers’ Index (PMI) data, I think the correction is over. “We expect to be able to take the ATH test in the next two to four weeks.”

Source: Michaël van de Poppe/X

At the time of writing, Bitcoin is trading at $67,802, up 2.5% in the last 24 hours.

Next, the analyst is bullish on Ethereum (ETH) rival NEAR Protocol (NEAR), suggesting the token could soon see a 223% gain.

“The market is preparing for the next big growth. NEAR is a perfect example. We are re-testing the previous areas of integration and slowly crawling upwards. “The next target for this rally is $10 to $15.”

video
Source: Michaël van de Poppe/X

At the time of this writing, NEAR is trading at $4.64, up 2.1% in the last 24 hours.

Lastly, the analyst says ETH could surge against Bitcoin (ETH/BTC) if the US Dollar Index (DXY), which compares the USD to a basket of other major foreign currencies, starts to decline.

“Ultimately, it’s all a matter of DXY and returns reversing. I am confident that this will create rapid demand in the ETH ecosystem. If we break 0.04 BTC we will be good to go.”

video
Source: Michaël van de Poppe/X

ETH/BTC is trading at 0.03731 BTC ($2,527) at the time of writing, down 2.66% over 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 you will be responsible for any losses you may suffer. 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.

Featured image: Shutterstock/Tithi Luadthong

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