A cryptocurrency analyst has updated his outlook for Bitcoin (BTC), saying the Ethereum (ETH)-based altcoin is poised for a surge.
In a new strategy session, cryptocurrency trader Michaël van de Poppe told his 732,000 followers on social media platform .
“CPOOL is doing a great job integrating and preparing for large-scale transformation. I think RWA (real assets) will be a big pillar of this market, and with that I assume we will see upward momentum after a test of $0.22-0.23.”
CPOOL is trading at $0.223 at the time of writing, down slightly over the last 24 hours.
Moving on to the top crypto assets by market capitalization, Van de Poppe says Bitcoin and Ethereum are nearing a point where traders might consider buying dips.
“Dip buy, this is what we want in Bitcoin. “As we get closer to the first point of interest, ETH is also getting closer to its optimal entry point.”
At the time of this writing, BTC is trading at $89,250 and ETH is worth $3,040.
According to the strategist, traders should also look for entry points into other altcoins in the coming weeks.
“The general plan for the coming period is to buy dips. It’s that easy. Altcoins are likely to break out left and right in the coming weeks and you will want to maximize this by buying 20-50% dips.”
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