Analyst Predicts New Highs for Bitcoin Are ‘Closer’ Than Previously Thought, Breaks Down Three Surging Altcoins

By The Daily Hodl November 17, 2023 In Bitcoin, Chainlink
Source: Michaël van de Poppe/X

A widely followed crypto analyst thinks new highs for king crypto Bitcoin (BTC) may be closer than expected.

Crypto trader Michaël van de Poppe tells his 673,300 followers on the social media platform X that any potential dips in BTC’s rise could be potential investing opportunities for traders.

“Actually, new highs are closer than we think on Bitcoin.

Buy the dips.”

Source: Michaël van de Poppe/X

BTC is worth $36,520 at time of writing, up 0.5% on the last day.

Looking at decentralized finance (DeFi) blockchain Injective (INJ), Van de Poppe is setting a high target for the altcoin.

“This one is showing a ton of strength.

If there’s going to be a retest, then I think the area at $15.30-15.75 is a must-hold area and, therefore, a long zone.

Target might be $22 if it breaks the high.”

Source: Michaël van de Poppe/X

INJ is worth $16.72 at time of writing, down 2% on the day.

Turning to layer-2 (L2) blockchain Arbitrum (ARB), the trader says the Ethereum (ETH) L2 is going to continue moving up.

“Update on this one, which didn’t really hit the exact levels as mentioned in the chart, but the theory remained the same.

Had a correction and retest and is now seeking for new highs at $1.36.”

Source: Michaël van de Poppe/X

ARB is trading for $1.11 at time of writing, down 1% over the last 24 hours.

Van de Poppe also peeks at Chainlink’s (LINK) progress, where he sees “massive strength” for the leading blockchain oracle.

“Massive strength on the markets, and also on Chainlink.

I’m not sure whether we’ll be seeing the level at $12.50-$13.20.

If we do, then I’m interested to buy the dip before LINK goes to $20.”

Source: Michaël van de Poppe/X

LINK is worth $14.16 at time of writing, down 5% in the last day.

Featured Image: Shutterstock/cobalt88

Published on

The Daily Hodl

View the full article

You may also like