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.”

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.”

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.”

Go to Source to See Full Article
Author: Daily Hodl Staff

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details