As per the predictions made by a crypto analyst, Michael Van de Poppe, if Bitcoin can hold at a $42,000 support level, then it will soon witness a green pasture, meaning there will be a significant rise in its prices.
Poppe suggests that on reaching $43k the prices will jump to $46k for BTC.
At present, BTC is up by 2.90% and is trading at $43,793.96.
The next cryptocurrency that was talked about by the analyst was Ethereum, which came out from its one-month-long slump. For Ethereum, the analyst is eyeing at two levels, to see where the future lies for the smart contract platform.
Levels that are being watched are $3,350 and $3,600. If it breaks these levels, then ETH is heading for a bullish run.
At present, ETH is up by 3.41% and is trading at $3,353.12.
For XRP, the analyst is indicating a trend that it followed before breaking out last summer. Currently, it’s ranging from $0.70 to $0.80 for over a week now, the same range as it showed during last summer.
At present, XRP is up by 4.91% and is trading at $0.7964.
Disclaimer: The article is meant for the educational purpose only and in no way it should be considered as financial advice. Own research on the topic is advisable.
Photo by WorldSpectrum on Pixabay