• Crypto analyst Michaël van de Poppe believes that Bitcoin (BTC) is ready to go up after gaining only 1% in the past seven days.
• Van de Poppe also dives into the altcoin dominance chart, suggesting that altcoins are likely reaching the bottom of a down cycle.
• Finally, he suggests shorting Pepe (PEPE), a memecoin similar to Dogecoin and Shiba Inu.
Popular Analyst Forecasts Bitcoin Rise
A widely followed crypto analyst believes Bitcoin (BTC) is ready to make gains again. Michaël van de Poppe tells his 656,900 Twitter followers that BTC’s time is now. He bases this prediction on BTC’s reclamation of $27,200 recently.
Altcoin Dominance Chart
Van de Poppe also examines the altcoin dominance chart, which measures the strength of all other crypto tokens besides Bitcoin. According to him, altcoins are likely reaching the bottom of a down cycle and may be bouncing back soon. He marks 8.20-8.65% as a potential support for altcoins before they reach their next halving event in approximately one year from now.
One Top Memecoin
The trader then looks at Pepe (PEPE), a memecoin similar to Dogecoin and Shiba Inu that is based on a controversial meme. He suggests shorting PEPE around $0.000000850 unless it reclaims $0.000001625 instead.
Time To Go Up?
Van de Poppe claims that Bitcoin’s time is now and that it will go up if it makes a higher low at its current level of $27,140 at time of writing.. If BTC does go up, this could have positive implications for other cryptocurrencies like Pepe as well as the entire crypto market in general due to increased confidence in cryptocurrencies overall..
Conclusion
In conclusion, popular crypto analyst Michaël van de Poppe believes that Bitcoin (BTC) has reached an important milestone and may be headed up again soon if it reclaims its previous level of $27,200 successfully and makes a higher low at its current price point of $27,140 at time of writing.. He also dives into the altcoin dominance chart and suggests shorting Pepe (PEPE), one top memecoin currently trading around $0.00000156 at time of writing..