According to Crypto Michael, in a new video first published by Daily Hodl, $36,000 is an acceptable level for Bitcoin (BTC), the largest cryptocurrency, to drop to. However, the crypto strategist pointed out that Bitcoin should not drop beyond that level.

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Michaël van de Poppe noted:

 “This entire level between [$35,000] to [$36500] is where I’m looking at. Right now we probably are going to have some sort of relief bounce to [$39,000] before we most likely are going to continue downwards at this stage.

Anything of bullishness that I’m looking at is either a flip of [$39.3 thousand] that’s going to trigger continuation to [$40,800], but if we really want to start pushing to the upside, [$40,800] is the level that you should be looking at.”

Read Also: Charles Hoskinson Dismisses Technical Analysis That Claims Cardano (ADA) Price Is Set To Crash

Ethereum (ETH) Crucial Levels

The crypto analyst also pinpointed the two crucial price levels where traders can buy Ethereum (ETH), the 2nd largest cryptocurrency by market capitalization.

The analyst stated that crypto investors can also look at the performance level of Ethereum (ETH) against Bitcoin (BTC) to know how profitable the investment in a number of altcoins, such as Polkadot (DOT), could be:

“One is around $2,300, the second one is around $2,150, which is similar to Bitcoin going to $36,000. On the upside, we just lost support, so if we crack and flip $2,530, that would generate bullish continuation and we probably test the highs again and we also have $2,600 as a potential breaker here so I’m looking at a slight bounce.”

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“Where Bitcoin is making a new lower low, Ethereum against Bitcoin is making a new higher high in this trend through which you’re going to seek for this higher low to be happening here, so anywhere in this region around 0.06 is where you should be looking at for longs for altcoins.

If you look at altcoins, for instance, with Polkadot, you can see we’ve made those lower lows and we’re shifting the trend. So where are you looking at for potential longs on Polkadot? You’re going to look at anything in this range of 14 bucks to 16 bucks as a flip, maybe high 13s – that should be flipping.”

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Crypto Michael Says Cardano (ADA) Is Currently Bullish

According to Van de Poppe in a tweet on 4th August, Cardano (ADA), the fifth-largest cryptocurrency by market capitalization is currently bullish and has experienced a great bounce from support.

#Cardano is bullish.

Great bounce from support. pic.twitter.com/n2hYL6Yj8v

— Michaël van de Poppe (@CryptoMichNL) August 3, 2021

The analyst currently hopes to see ADA hold the support at the $1.25 level. He then indicated that a sustained break above the $1.47 resistance level is next to watch for Cardano (ADA).

The post Michaël van de Poppe Outlines What Is Next For Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT) appeared first on Times Tabloid.

In a new video first reported by Daily Hodl, the popular analyst pointed out that Cardano (ADA) has been facing a price downtrend since late June 2021.

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According to the crypto strategist, the $1.33 region is the first crucial support level for the cryptocurrency. While its second level of support is at around $1.16.

Michaël van de Poppe said:

“Cardano is consolidating, or retracing, nicely here. It used to be one of the biggest runners of 2021, especially the one with the biggest hype.”

Cardano (ADA) Has the Potential to Surge 800% this Year

Michaël van de Poppe continued by saying that Cardano (ADA) has to break the 3,500 satoshi level in order to form a bottom. This is at relatively $1.46 at current prices. He said such a positive trend could send ADA to hit a new high.

The analyst added that this and a crypto bull-run in the market before this year ends could make Cardano (ADA) experience up to 800% based on its dollar value.

Read Also: Cardano (ADA) Has Potential to Become a Mainstream Crypto –Morningstar Portfolio Manager

Michaël van de Poppe noted:

“If we’re going to make a bottom around 2800 satoshis, we can see a 170% and usually overshoot 190% trade on the Bitcoin pair.

I’m also expecting the value of Bitcoin against the US dollar to do well. So if we get into this region, it’s probably going to result in a 400% to 800% move on the US dollar value, especially given that the market is going to heat up once again.”

The analyst, previously known as Crypto Michael, also showed that Cardano (ADA) would continue to consolidate against Bitcoin (BTC) for another month before a potential reversal starts.

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The post Michaël van de Poppe: Cardano (ADA) Is Gathering Momentum For 800% Price Surge appeared first on Times Tabloid.

In a new video first reported by Daily Hodl, Crypto Michael told his teeming YouTube subscribers that he’s seeing a bullish potential in Ethereum (ETH), the second largest cryptocurrency by market cap, as it gathers momentum to break above $2,300 resistance level.

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Michaël van de Poppe noted:

“We can conclude that we’ve got a double bottom, and we’ve got a range low. Next to that, what you want to see, and especially if Bitcoin is going to make a corrective move, is that Ethereum is going to test the level around $2,000 and sustain there for support. That would grant a new higher low. That would grant some more strength.”

According to the popular trader, a break above $2,300 would take the leading digital currency to a new support needed to maintain its bullish trend.

At the time of filing this report, Ethereum (ETH) is trading at $2,295, with a relatively 1% price upsurge in the last 24 hours.

VeChain (VET) Is On Track to Hit $0.11

The top crypto analyst is also keeping a close watch on VeChain (VET), the leading enterprise blockchain platform against the largest cryptocurrency by market cap, Bitcoin (BTC).

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According to Crypto Michael, VeChain (VET) is on track to hit 0.0000027 BTC, which is worth $0.11 at current prices.

Michaël van de Poppe tweeted, “Still following the path on Vechain. I’d like to see it hold green but also crack above 220 sats to trigger continuation to 270 sats. If 220 sats can’t flip for support, then we might even see 155 sats before reversing.”

Still following the path on #Vechain.

I'd like to see it hold green but also crack above 220 sats to trigger continuation to 270 sats.

If 220 sats can't flip for support, then we might even see 155 sats before reversing. pic.twitter.com/weiJGuktTw

— Michaël van de Poppe (@CryptoMichNL) July 28, 2021

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The post Here’s What Is Next for Ethereum (ETH) and VeChain (VET) As Mapped out by Crypto Michael appeared first on Times Tabloid.

In a recent video, Crypto Michael stated that although Bitcoin (BTC) looks to be in a bullish state, especially after it was disclosed by Elon Musk that both Tesla and SpaceX currently hold BTC on their balance sheets, the flagship cryptocurrency needs to flip a number of key price levels into support in order to maintain its slightly bullish trend.

Read Also: JPMorgan Now Let Retail Customers Invest In Bitcoin, Ethereum, Bitcoin Cash, and Ethereum Classic

Michaël van de Poppe noted:

“What you want to see is that Bitcoin generates a new higher low… At this stage, yes, we do have this fake-out beneath the recent low. We got back into the range. But in order to sustain bullish, you want to see the previous support flip for support again [$31,000].”

He said Bitcoin (BTC) has managed to stay above 29,300 support and also managed to break out of a falling wedge, which is a clear pattern that can indicate trend reversal.

According to Crypto Michael, if Bitcoin (BTC) fails to flip $31,000 into support, it will likely drop down to $24,000.

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However, the analyst pointed out that many traders are looking forward to seeing Bitcoin plummet, which is a moment of bearish euphoria that could set up a major bear trap and ignite a sustained BTC bounce:

“If we break [$32,800], I would not be surprised if we get a very swift and heavy run towards [$36,000] high, potentially even a wick towards [$37,500].”

At the time of filing this report, Bitcoin (BTC) is trading at $34,312.23, with a relatively 2% price upsurge in the last 24 hours.

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The post Crypto Michael States Key Price Levels Bitcoin (BTC) Must Hold To Maintain Bullish Momentum appeared first on Times Tabloid.

In a tweet on 13th July 2021, Crypto Michael told his teeming followers that Bitcoin (BTC) continues to consolidate in the low-$30,000 range.

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According to the trader, if the flagship cryptocurrency loses $32,500 support, there is a possibility for a drop to $31,000, a level he terms as one of the final supports to a notable decline.

In the chart captioned in his tweet, he pointed out that $34,673 is the key point of resistance that Bitcoin needs to break in order to continue its usual uptrend. And a closer look shows that BTC has rejected the resistance twice in the past month.

“Bitcoin still barely holding support here. If this is lost, I’m looking at the final hurdle around $31K for support on this one. For now, it’s still consolidating overall.”

#Bitcoin still barely holding support here. If this is lost, I'm looking at the final hurdle around $31K for support on this one.

For now, it's still consolidating overall. pic.twitter.com/t3jjaFe9sh

— Michaël van de Poppe (@CryptoMichNL) July 13, 2021

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Crypto Michael on Ethereum (ETH) Price Trend

According to Van de Poppe, Ethereum (ETH) against Bitcoin (BTC) is liable to hold 0.057 satoshis (sats) and break above the resistance at 0.063 sats.

The popular analyst stated that once ETH/BTC breaks above the resistance, the next target will be 0.074 sats.

Would be great for #Ethereum. pic.twitter.com/AaYOM90Ayz

— Michaël van de Poppe (@CryptoMichNL) July 12, 2021

Critical Point for VeChain (VET)

Sharing his view regarding the price trend of VET, the native token of the leading blockchain-based supply-chain tracker, VeChain, he said VET remains in a downtrend against Bitcoin (BTC).

Crypto Michael stated further that there is a possibility for VeChain (VET) to retest critical support at 0.0000025 sats, adding that if it maintains the support, it could bounce toward upward resistance at 0.00000273 sats.

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He said if the reverse happens to be the case, VET could head for a retest of support at 0.00000158 sats.

“The view on VET hasn’t changed, in which we’re still trending down. Critical support, for me, is given.”

The view on $VET hasn't changed, in which we're still trending down.

Critical support, for me, is given. pic.twitter.com/Eb6OvMylwS

— Michaël van de Poppe (@CryptoMichNL) July 13, 2021

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