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Ethereum

Analyst Michaël van de Poppe Says Significant Opportunity Has Arrived for Bitcoin, Ethereum and Crypto Markets

A preferred crypto analyst is giving his newest outlook on main digital property Bitcoin (BTC) and Ethereum (ETH), one mid-cap altcoin and the crypto markets general.

Crypto strategist Michaël van de Poppe tells his 626,000 Twitter followers that BTC wants to seek out assist above $19,500 to spark a rally.

He additionally notes the significance of European Central Bank (ECB) President Christine Lagarde and Fed Chair Jerome Powell’s upcoming speeches on financial coverage.

“Bitcoin is going so far so good, but needs continuation above $19,500. Then, party time is on. Today can be important with Lagarde and Powell speaking.”

Source: CryptoMichNL/Twitter

Bitcoin is altering palms for $19,255 at time of writing.

The analyst then says that prime sensible contract platform Ethereum is “mooning” after discovering its backside on September seventh, including that altcoins are following in its footsteps.

“Bottom.

Ethereum mooning.

Other altcoins following.

Dollar dropping.

Long crypto.”

ETH was within the $1,500 vary across the time Van de Poppe made his tweet. It shortly jumped to $1,643 earlier than stabilizing round $1,623 at time of writing.

Van de Poppe then units his sights on Ethereum challenger EOS (EOS). He says that the sensible contract platform is on its method to reaching the $2 price stage after a powerful bounce.

“Very strong bounce on EOS on the desired level. Looks solid for continuation to $2.”

Source: CryptoMichNL/Twitter

EOS is buying and selling for $1.62 at time of writing.

The dealer concludes his evaluation by trying on the whole market cap of the crypto business, saying {that a} “beautiful” retest of its 200-week transferring common (MA) is on the horizon.

“If you’d ask me, then a beautiful retest is being made on the total market capitalization on the 200-Week MA. That implies a significant buying opportunity for you on the crypto markets as [US dollar index] is getting towards a climax too. Going as planned, so far.”

Source: CryptoMichNL/Twitter

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Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/Space Wind

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