The crypto market looks great today with most coins trading in the green and Bitcoin is not an exception.
At the moment of writing this article, BTC is priced at $15,381.05.
There have been all kinds of optimistic predictions about the price of BTC these days, but also about the price of certain altcoins.
Three altcoins can get bullish
Crypto analyst Michaël van de Poppe analyze three altcoins that he believes can ignite strong rallies if BTC continues to consolidate.
In his latest analysis of Bitcoin, Van de Poppe points out where BTC may head next if the coin’s failure to close above $16,000 triggers a strong and healthy correction.
Decent weekly close, but below $16,000.
Levels to watch;
▫️ $13,700-14,100
▫️ $12,800-13,200
▫️ $11,500-12,000If the market starts to correct. pic.twitter.com/IVFXchGzuN
— Crypto Michaël (@CryptoMichNL) November 9, 2020
Regarding the altcoin market, he said that Ethereum is set for a big breakout if it can remain above $390.
“Ethereum is still acting inside resistance. It did make a nice support-resistance flip at $360, which is quite bullish. [It’s] now inside this resistance zone at $460…” he said.
https://youtu.be/eLMlOOeaA8Y
He continued and said: “If it’s not going to drop below $390, I think we’re on the way for a massive breakout toward $600 and maybe even $800.”
He’s also keeping his eyes peeled on VeChain (VET). He said that the coin has upside potential if it’s able to keep a key level.
Still, this does look pretty decent.
Making an HL around $0.010 and I think we’ll continue towards $0.015. pic.twitter.com/mtH1B14MQO
— Crypto Michaël (@CryptoMichNL) November 8, 2020
And last but not least, he’s been watching Zilliqa (ZIL)a
Marked that green zone between $0.013-0.0155 a long time ago.
Held beautifully.
Range-bound construction here. If we continue to hold here, I’m assuming we’ll attack the highs at $0.025-0.029.
Final support: $0.008
Full analysis:https://t.co/TgyiZgx0H1 pic.twitter.com/RspIvroIy2
— Crypto Michaël (@CryptoMichNL) November 8, 2020
Stay tuned for more crypto predictions.
