Leading analyst predicts 200% boom for Ethereum on Bitcoin – but warns crypto traders considering Altcoin markets – .

0
16
Leading analyst predicts 200% boom for Ethereum on Bitcoin – but warns crypto traders considering Altcoin markets – .


A widely followed crypto analyst predicts a volatile fourth quarter for altcoins, but believes Ethereum will end the cycle with a massive run against Bitcoin.

Crypto strategist Michael van de Poppe recount its 443,300 followers on Twitter that it is in the realm of possibilities for Ethereum to rally 200% against Bitcoin (ETH / BTC) in the coming months.

However, he warns that BTC could take over the markets at the expense of altcoins until December. According to the trader, December is historically the month to buy digital assets other than Bitcoin.

“December is often the best time to buy altcoins.

If history repeats itself, we could get a 200% ETH / BTC run to the ATH region (all-time high) from there, but first, a heavier correction while Bitcoin is doing well.

Source: Van de Poppe/Twitter

Although Van de Poppe is short term bearish on altcoins, he believes digital assets will eventually to follow The advance of Bitcoin.

Taking a closer look at Bitcoin, Van de Poppe plots the price development of the main crypto asset for the weeks to come.

“We still don’t see too much strength in the altcoin market. So, it’s still not a good time to be there, and I guess we’re still going to see some strength on Bitcoin for weeks to come in the scenario I did here in which a test of $ 70,000 is very likely going to take place in a month before we get a final corrective move, a new test of the lineup [$59,405-$61,213] that we went through before testing a new region at an all-time high and finalizing this whole bull cycle.

is
Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox

follow us on Twitter, Facebook and Telegram

Surf the daily Hodl Mix

Check out the latest news headlines

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.

Featured Image: Shutterstock / 300 librarians



LEAVE A REPLY

Please enter your comment!
Please enter your name here