A popular crypto analyst, Michaël van de Poppe, shared his insights on several cryptocurrencies, predicting potential price movements.
Sei (SEI) Could Soar
Van de Poppe believes that Sei (SEI), a Solana competitor, is showing promising signs. He suggests that if SEI breaks through the $0.20 resistance level, it could see a price increase exceeding 100%, potentially reaching $0.30-$0.35. Currently trading around $0.17, SEI is showing some bullish momentum, according to the analyst.
Bitcoin (BTC) Poised for a Big Move?
Regarding Bitcoin (BTC), van de Poppe sees it consolidating, suggesting a potential breakout is on the horizon. He predicts that if BTC retests the $87,000 mark, it could trigger a rally towards a new all-time high. At the time of writing, BTC is trading around $83,800.
Ethereum (ETH): Gold’s Influence and Bullish Signals
Van de Poppe’s outlook on Ethereum (ETH) is tied to the price of gold. He notes a historical inverse correlation between the two assets. If gold peaks, he believes ETH could start a significant uptrend. He points to ETH’s recent 4% gain against Bitcoin and a bullish Relative Strength Index (RSI) as further positive indicators. However, he cautions that past performance suggests this might be short-lived. Currently, ETH is trading around $1,589. He also notes that ETH has been in a bear market for 1225 days, coinciding with a doubling of gold’s price.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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