A widely followed crypto analyst is predicting a “fun” quarter ahead for Bitcoin (BTC), Ethereum (ETH) and the rest of the crypto markets.
Crypto trader Michaël van de Poppe tells his 652,600 Twitter followers that Bitcoin could reach up to $50,000 in the next quarter of 2023.
“Generally, I think we’re going to have fun this quarter.
Bitcoin can continue the run towards $40,000-50,000, Ethereum to $2,800-$3,000.
Altcoins getting more momentum as confidence is back in the markets (and they have a small window).
Recession in H2 (second half of the year) -> correction on crypto.”
Diving deeper into BTC, Van de Poppe thinks the king crypto will have some slight downs on its way up.
“Bitcoin looks strong, but will have some shallow corrections in an upwards trend.
I’ve marked $31,700-32,000 as an important resistance point.
However, $25,000 was the level everyone wanted to buy. This will probably shift to $28,500, and then nobody buys.
I’d prefer to focus on $29,700.”
Moving on to the Etherum-based oracle altcoin Chainlink (LINK), the analyst says LINK is on the verge of a breakout.
“Chainlink starts to look great.
Bullish divergence on the daily chart implying that we’re reversing from here.
Finally a breakout from the range to $15-20 to be occurring.”
Overall, Van de Poppe says he’s seeing positive signs for crypto’s future.
“$30,700 per Bitcoin.
$2,100 per Ethereum.
$7.80 per Chainlink.
This is a good morning. Most likely markets continue going upwards for coming months.”
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