Analyst Shares Price Predictions for Bitcoin and 5 Altcoins
According to the analyst Michaël van de Poppe, the crypto markets still have room for growth before experiencing a significant retracement.
Van de Poppe has an eye on several cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which he believes could continue to increase in value.
He predicts that Bitcoin could reach the $38,000 to $42,000 price level before experiencing a correction, while Ethereum could go up to between $2,700 and $3,000, and Litecoin could climb as high as $260.
In addition to these cryptocurrencies, Van de Poppe monitors other coins such as Avalanche, Cosmos, and Chainlink. He predicts that Avalanche could rally to between $55 and $65 while Cosmos could climb to as high as $35. On the other hand, Chainlink could surge to between $18 and $22.
At the time of writing, Bitcoin is trading at $30,400, Ethereum at $2,100, and Litecoin at $102. Despite the recent dip in Bitcoin’s price, Van de Poppe remains optimistic about the cryptocurrency’s short-term outlook.
READ MORE: Bitcoin Surges Above $30,000 – Bullish Sentiment Remains Intact
Van de Poppe’s analysis suggests that altcoins are not yet feeling the pain of a market downturn, as many are consolidating or rallying up in the BTC pair.
For example, AVAX is currently trading at $20.54, ATOM is $12.32, and LINK is $8.14. However, Van de Poppe advises investors to keep a close eye on these cryptocurrencies and adjust their investment strategies accordingly, as the market can be volatile and unpredictable.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
