Regaining Bullish Momentum: Analyst Michaël van de Poppe Shares Insights on Altcoins

Prominent Crypto Strategist Envisions Altcoin Markets Breaking Free from Recent Price Stagnation

Altcoins Could Rally on Bitcoin (BTC) Surge Past $30,000, Says Analyst Michaël van de Poppe to 661,200 Twitter Followers

Prominent analyst Michaël van de Poppe has shared his market insights with his extensive Twitter following, suggesting that altcoins might witness a rally if Bitcoin successfully breaches the crucial $30,000 psychological level and establishes it as a strong support. According to Poppe, a confirmed sweep of the lows before reclaiming the $30,000 mark could pave the way for altcoins to gain momentum for a significant period.

Bitcoin Price at $29,351: Crypto Analyst Monitors Cosmos (ATOM) for Potential Accumulation

Currently, Bitcoin is valued at $29,351. Meanwhile, the experienced trader Michaël van de Poppe is closely monitoring the prospects of interoperable blockchain Cosmos (ATOM) and exploring potential accumulation strategies for the 28th-largest altcoin by market cap.

According to Van de Poppe, he has identified two potential scenarios for ATOM accumulation. He expresses interest in the asset above the $10.50 price point, and further emphasizes that he would consider initiating a long position at $8. Any price range in between these levels does not pique his interest for the time being.

Decentralized Oracle Network Chainlink (LINK) Update by Analyst Michaël van de Poppe

In a recent strategy session, renowned analyst Michaël van de Poppe revisits his perspective on Chainlink (LINK) in relation to Bitcoin (LINK/BTC) trading. He points out that since May 2021, Chainlink has been following a downtrend against Bitcoin. However, there is potential for a multi-year trend reversal if the LINK/BTC pair manages to maintain a level above 0.00023 BTC, equivalent to $6.73.

Van de Poppe asserts that a continuation towards the range high (0.0003950 BTC) and a reversal of the trend could be anticipated if the 0.00023 BTC support holds strong.

As of the latest update, the LINK/BTC trading pair is currently priced at 0.0002644 BTC, which is equivalent to $7.74.

Jul 31, 2023