HomeCryptocurrencyThe cryptanalyst named possible peak rates for 8 known assets

The cryptanalyst named possible peak rates for 8 known assets

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Altcoins

Against the background of a sideways trend in the cryptocurrency market, the well-known Michael van de Poppe spoke about the forecast of the for a number of popular assets

According to him, at the end of the current market cycle, BTC will reach a maximum mark in the range of $350,000 — $450,000, and Ethereum (ETH) will be in the range of $10,000 — $17,500.

Such popular assets as Polkadot (DOT) and Chainlink (LINK) will reach levels of about $250 – $350. For (ADA), the analyst determined the area of $10 – $20, for Zilliqa (ZIL) the range is $5 – $7. The recently sensational asset Elrond (EGLD) will be traded in the $1500 — $1750 zone. And closes the list of DIA with a forecast of $50 – $75.

As for the current moment, the analyst believes that now is the right time to buy :

“While bitcoin is below $60,000, I would advise caution and wait for changes in the market. The levels for BTC purchases are $53,000 – $54,000 and $47,000 – $50,000. Regarding altcoin purchases, I would say that it is better to do it in December”

Van de Poppe considered the possibility of a negative bearish scenario in which the BTC rate could fall below $50,000 and this situation would last until the trend reversal in February-March 2022:

“A bearish scenario is still possible for BTC if the $56,000 support level is lost”

Separately, the analyst singled out the ADA/BTC pair. According to him, 2350 satoshi is an important mark for this pair with a potential breakthrough above 3000 Satoshi in a few months.

See also  Kraken: Litecoin has a chance to repeat the bullish cycle of 2017

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