BTC, ETH, And XRP Are Posied To Break Out
After the halving event that took place back in May, analysts and investors were expecting to see some more exciting moves in the price of Bitcoin, but this hasn’t happened so far.
The king coin managed to hit $10k a couple of times, but then the price quickly dropped below this important level.
$10k is a vital FOMO-triggering price level, and experts are waiting to see Bitcoin hitting it again.
Bitcoin has been consolidating above $9,000 for a really long time now.
Here’s another optimistic prediction for the first coins on CMC.
Bullish predictions about BTC, ETH, and XRP
Crypto strategist Michaël van de Poppe is bullish on Bitcoin (BTC), Ethereum (ETH), and XRP.
In his latest crypto overview, van de Poppe said that he believes Bitcoin is about to make a big move and end its three-month-long consolidation above $9,000, as the Daily Hodl revealed.
He explained that “I think if we break towards the upside at $10,000 that we are done with the downwards pressure and we’re going to see levels we’ve not seen for a few years.”
He’s also bullish on ETH and said that the coin is positioned to erase its resistance and make a solid run that would double the value of the digital asset.
“I’m assuming we’re consolidating for a little while, and then we break up towards $247, and we can anticipate a breakout. You see the next levels [are] $293.30, $400, $450. I think the last one should be a nice swing target and maybe even a level towards $530 should be very nice.”
Today a small video on $XRP as I think we’re more likely going to see a breakout upwards than downwards.
Targets? Likely $0.24 / $0.28 / $0.31. pic.twitter.com/k4XfidAbmd
— Crypto Michaël (@CryptoMichNL) July 18, 2020
He also believes that Ripple’s XRP is about to see a rally soon. Stay tuned for more data.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.