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Analyst Provides Outlook For $BTC, $ETH, and $ADA Following Recent Market Correction

Analyst Provides Outlook For $BTC, $ETH, and $ADA Following Recent Market Correction


Michaël van de Poppe has shared his latest thoughts on the recent price action of Bitcoin, Ethereum, and Cardano.

During recent YouTube video, Van de Poppe said the recent price correction was offering a “very nice entry zone” for investors waiting to get into the crypto markets. He also noted that the final quarter of the year has historically been a bullish time for cryptoassets. 

As reported by The Daily Hodl, Van de Poppe said: 

If you go back in history, September is usually a pretty bad month, but October and the rest of the year is usually quite bullish.

The popular analyst called a price between $37,500 and $40,000 a critical level for Bitcoin, saying $BTC could retest as low as $28,000 in the event of a price breakdown. 

Despite the recent correction, Van de Poppe thinks the bullish cycle will continue and that Bitcoin will make another breakout once the price rises above $44,000. 




Van de Poppe was also bullish on Ethereum, saying the critical level was close to $2,600. He predicted Ethereum would receive a “relief bounce” in price to $3,500, with a minor pullback before marching upwards in price again. 

As for Cardano, he mentioned that $ADA was on the verge of “getting into a massive buy opportunity,” and that the price would need to break $2.35 before entering bullish territory. However, he warned a price fall below $1.90 could lead to a drop back to $1.50.

He also told views he was planning an exit strategy from crypto following the next bull run:

Am I scared right now? No, but I’m very, very serious about the fact that we might be getting one final run of this bull cycle before the financial crisis starts. Then I don’t want to have crypto at all.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Image by Gerd Altmann from Pixabay 



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