The other day, diamnd hands managed to shine once again and the weak ones were shaken off the market. Now, it’s been revealed that crypto trader Michaël van de Poppe outlines key areas to hold for Bitcoin, Ethereum and Cardano amid volatile price action across the crypto markets in the last 24 hours.
In a new video, Van de Poppe said that Bitcoin (BTC) must stay above a key level to avoid losing 20% more of its value.
“At this stage, if we are going to continue making this range-bound movement, the area that we have marked green ($30,000) is the area that we should be holding as support. If that is lost, I think we’re going to have a fallback towards $24,000. That’s the next support zone.”
#Bitcoin is still acting in support here, with the crucial breaker at $35.5K.
If this support doesn’t hold, I’m seeing $24K as the next area. pic.twitter.com/kk2CJixUyF
— Michaël van de Poppe (@CryptoMichNL) June 22, 2021
Regarding ETH, Van de Poppe highlights that ETH has tapped a support around $1,758 after yesterday’s pullback.
“Ethereum at next support.”
Ans, regarding ADA, Van de Poppe says the pair breached critical support of 0.000038. However, the crypto trader highlights that recovery of this key area could inspire bullish momentum.
“Cardano lost a critical support zone, and we’re looking at the next level of support around 3,000 satoshis (0.00003). Bullish if we reclaim the previous support level.”
At the moment of writing this article, most important coins are trading in the green.
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