It’s been just revealed that a popular crypto analyst is addressing the price of Ethereum and Bitcoin. Check out the latest reports about the coins’ prices here.
According to the reports coming from the online publication the Daily Hodl, the important crypto analyst Michaël van de Poppe is suggesting the bottom is in on three popular cryptos.
He also said that now, might be the best time to buy.
Van de Poppe said that Ethereum’s (ETH) current retest of the $3,600-$3,700 range is a sign that an upward continuation is likely for the coin.
“I think the correction is done on Ethereum in which we’ve seen a few beautiful retests. I’m expecting this scenario to play out.”
At the moment of writing this article, ETH is trading in the red and the coin is priced at $3,830.
Bitcoin price prediction
When looking at Bitcoin (BTC), the analyst believes the current market structure is nearly identical to BTC’s pattern during the September correction.
“Pretty much copy/paste of the September bottoming here. Given the low impact of the Fed meeting on prices, I assume that we’ll see price accelerate too if it cracks crucial resistances.”
At the moment of writing this article, BTC is trading in the red and the king coin is priced just above $47k.
Despite the massive corrections that we are seeing in the crypto space these days, various signs are showing us the fact that Bitcoin is definitely still bullish.
Check out what Willy Woo had to say recently about something that retail traders are doing at the moment.
The last time retail bought the dip this hard was at the bottom of the COVID crash.
Probably nothing, few, etc etc. pic.twitter.com/HuxNxYMl48
— Willy Woo (@woonomic) December 14, 2021
Stay tuned for more news and make sure to keep your eyes on the crypto market.