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Bitcoin All-Time High Imminent? Analyst Plots Path Ahead for BTC, Cardano, Fantom, Celer Network and Verasity

A broadly adopted crypto strategist and dealer is predicting Bitcoin (BTC) to revisit its all-time excessive quickly whereas outlining the potential value motion of Cardano (ADA), Fantom (FTM), Celer Network (CELR) and Verasity (VRA).

In a brand new technique session, Michaël van de Poppe tells his 134,000 YouTube subscribers that he’s bullish on Bitcoin and that he expects the main crypto asset to make a push towards its all-time excessive of $64,000 so long as it stays above a key stage.

“[Regarding the] essential ranges for Bitcoin at this level… We’ve received a pleasant break into the upside, so we’re taking a look at a possible continuation if we maintain above $55,000 to $55,500. If that occurs, I’m assuming [the] all-time excessive take a look at is across the nook, and that’s going to be nice.” 

Looking at Cardano, the crypto strategist says the good contract platform will doubtless proceed to bleed towards Bitcoin (ADA/BTC) earlier than it will possibly carve a backside.

“I might not be shocked if we get a corrective transfer all the best way again towards 0.000031 BTC [$1.77] – 0.000032 BTC [$1.89]. Right now, you simply wish to have [a] clear affirmation {that a} backside is in.” 

Based on Van de Poppe’s chart, he expects the ADA/BTC pair to reverse its downtrend as soon as it hits the help space en path to launching a rally to 0.00006 BTC, which equates to $3.43.

Next up is one other good contract platform in Fantom (FTM). In a separate video breakdown, Van de Poppe says he’s wanting for FTM to drag again earlier than it will possibly resume its uptrend.

“If you wish to get any commerce occurring Fantom, you [should be] taking a look at [the] space round $1.68 to $1.48. If it comes there, it grants you the very best alternative. And then, if you wish to look for a possible entry level, you’re utilizing the earlier excessive [and] earlier low. [The] subsequent goal zone is the world round $3.35 and probably even $5.” 

As for Celer Network, Van de Poppe says that the layer-2 scaling platform is at the moment in a downtrend towards Bitcoin (CELR/BTC). He’s concentrating on 0.000002 BTC ($0.11) as a possible entry level.

The final coin on the dealer’s listing is next-generation video sharing protocol Verasity. Van de Poppe says he’s additionally wanting for VRA to appropriate earlier than it will possibly ignite a possible rally of over 80% from his entry level.

“But that is the area [$0.04] that you simply’re taking a look at with a goal zone at $0.08.”

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Disclaimer: Opinions expressed at The Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you could incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/NextMarsMedia/Andy Chipus

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