Bitcoin’s Range Low
Crypto analyst Michaël van de Poppe believes Bitcoin (BTC) needs to maintain its current price levels to avoid a significant drop. If support fails, BTC could potentially lose $10,000 in value, reaching a low of $52,000-$55,000.
Promising Altcoins
AIOZ Network (AIOZ)
Van de Poppe highlights AIOZ as a promising altcoin. He recommends holding above $0.65-0.68, with potential upside to $1.35-1.45 if support holds.
Injective (INJ)
Despite recent declines, Van de Poppe sees potential in INJ. He notes that it has room to grow and recommends considering a long position.
Conclusion
Van de Poppe advises traders to monitor Bitcoin’s price action and consider rotating profits into altcoins with potential for growth. He emphasizes the importance of not holding onto losing positions and taking advantage of market rotations to increase Bitcoin holdings.
