A widely followed crypto analyst indicates that Bitcoin is ready to print new peaks of all time if BTC can recover keys as a support.
In a new article, Crypto Trader Michaël Van de Poppe said to his 789,400 subscribers on the X social media platform that if Bitcoin can pierce the resistance beach between $ 106,500 and $ 107,000, the flagship cryptographic asset will probably be beyond its current level of around $ 111,800.
“Bitcoin has lost the level of crucial support. However, the drop is not as serious as we could expect.
Bitcoin is traded at $ 105,694 at the time of writing, down 1.5% in the last 24 hours.
Then, the analyst indicates that Ethereum (ETH) is probably still in an upward trend and preparing for a massive rupture.
“ETH struck $ 2,700 and failed immediately. The fact is that it is not the crucial level. The second thing is that it always accumulates for a great escape. When it happens? Above $ 2850 is where liquidity is and the more it takes for an escape to happen, the heavier it will be.”
He also says that ETH has shown force against Bitcoin (ETH / BTC) for two months and could soon break up against the flagship asset of the crypto.
“ETH saw a strong evolution upwards in April and May, it also retested the OB (control block) at 0.023 BTC and held it. It means that we are about to test the summits and continue the race.”
ETH / BTC is negotiated at 0.2461 BTC ($ 2,597), slightly down in the last 24 hours.
Finally, the analyst says that he becomes bullish on Bittensor (TAO), a decentralized network based on blockchain which aims to be a market for models of artificial intelligence (IA).
“Tao looks great, because it fights against the final resistance. Ideally, the $ sub400 is a flight for it in which we continue to show an upward trend even if it falls south of this level. It is the only one in my wallet that holds well and I think we will see $ 700 at $ 800 soon.”
TAO is negotiated at $ 397 at the time of the editorial staff, down 6.4% in the last 24 hours.
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