Crypto Analyst Says People Are ‘Waking Up’ to Digital Assets, Breaks Down Bitcoin and Litecoin Moving Forward – Crypto News – Crypto News
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Crypto Analyst Says People Are ‘Waking Up’ to Digital Assets, Breaks Down Bitcoin and Litecoin Moving Forward – Crypto News

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2 years ago

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A widely followed crypto analyst thinks the world is finally starting to wake up to the importance of crypto assets.

Crypto trader Michaël van de Poppe tells his 660,100 Twitter followers that with Europe preparing to launch a Bitcoin (BTC) exchange-traded fund (ETF) later this month, the world is coming around to crypto.

“Bitcoin ETF in Europe set to launch this month.

Not only the US is ramping up, but also, eventually, we’ll be getting one in Europe.

More and more we’re waking up with Crypto.”

Diving deeper into the king crypto, Van de Poppe says BTC could pop up to $38,000.

“Bitcoin holds $30,200 and most likely will start looking at range higher again.

Another test and we’ll have a swift breakout to $38,000.”

Source: Michaël van de Poppe/Twitter

While admitting that BTC could potentially fall below $30,000 temporarily, the trader thinks BTC is about to “fly” to range highs, bringing altcoins like Litecoin (LTCup with it.

“Bitcoin ready to break upwards.

Back to support, all liquidity taken (and fairly said, if we drop sub $30,000, we’ll crack towards $29,300 but that seems an overcrowded trade.)

Back above $30,500 and we’ll fly to range highs and things like LTC should take off.”

Source: Michaël van de Poppe/Twitter

BTC is trading for $30,827 at the time of writing, up 1.4% in the last seven days.

Taking a look at LTC, the crypto strategist thinks Litecoin is inevitably on its way up.

“Markets are reversing.

Let’s continue on Litecoin.”

Source: Michaël van de Poppe/Twitter

LTC is worth $101.58 at the time of writing, up 6.4% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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