As the crypto markets move through a period of largely sideways price action, popular strategist and trader Michaël van de Poppe is offering predictions for a number of popular cryptocurrencies.
The crypto analyst tells his 513,000 Twitter followers that he believes Bitcoin (BTC) will top out at $350,000 to $450,000 when the current market cycle ends.
He sees Ethereum (ETH) landing in the $10,000 to $17,500 range, with Polkadot (DOT) and Chainlink (LINK) both reaching approximately $250 to $350.
Van de Poppe predicts Cardano (ADA) will reach the $10 to $20 region, Zilliqa (ZIL) will end up between $5.00 and $7.00 and Elrond (EGLD) will hit $1,500 to $1,750. Last on his list is DIA, with a prediction of $50 to $75.
Van de Poppe is also outlining his approach to Bitcoin as the king crypto remains under $60,000, plus when he thinks it’s the right time to buy into altcoins.
“It’s very simple. Below $60K I’ve remained cautious/bearish as I’d like to see that area flip.
Levels to watch for buys; $53K-54K zone and $47-50K zones for Bitcoin.
When to buy altcoins? December. Nothing has changed past weeks.”
The analyst next considers a more bearish scenario for BTC below $56,000. He plots out how Bitcoin could dip below $50,000 and range until a breakout from February into March of 2022.
“Still a scenario for Bitcoin if $56K is lost.”
Van de Poppe concludes his analysis by looking at Cardano on the Bitcoin chart. According to him, 2350 satoshis is an important baseline on the ADA/BTC trading pair, with a potential breakout above 3000 sats a few months down the road.
“Very simple with Cardano.
We’re copy/pasting the structure of 2020 in which it corrects heavily in Q2 of the year.
Assuming that a flip of green would be a trigger or a test at 2350 sats.”
At time of writing, the crypto assets on Van de Poppe’s prediction list are priced as follows:
- Bitcoin (BTC): $56,737
- Ethereum (ETH): $4,505
- Polkadot (DOT): $35.78
- Chainlink (LINK): $24.59
- Cardano (ADA): $1.70
- Zilliqa (ZIL): $0.08
- Elrond (EGLD): $359
- DIA (DIA): $1.81
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Featured Image: Shutterstock/KHIUS/Vladimir Sazonov