Crypto Trader Says One Altcoin From Top 50 Could Rise Over 100%, Updates Outlook for Bitcoin and Ethereum

Cryptocurrency analyst and dealer Michaël van de Poppe leans bullishly on one top-50 altcoin by market cap, whereas providing his insights on Bitcoin (BTC) and Ethereum (ETH).

Beginning with Stacks (STX), Van de Poppe tells are 738,800 followers on the social media platform

“The markets are waking up, which implies you must search for tasks which might be prepared for a breakthrough.

One in every of them is STX, which has been consolidating for greater than 200 days.

They efficiently accomplished the Nakamoto improve [a hard fork that was designed to, among others, improve the transaction speed]!

Break above $2.20 and it ought to rise to a brand new all-time excessive.”

STX is buying and selling at $1.85 on the time of writing, about 52% under its all-time excessive of $3.86 reached in early April.

As for Bitcoin, the broadly adopted dealer say that the crypto king might attain a worth between $100,000 and $120,000 within the subsequent one to 2 months.

“Then the altcoin season began similar to 2017.”

Bitcoin is buying and selling at $93,700 on the time of writing.

Subsequent up is the Ethereum/Bitcoin (ETH/BTC) pair. According to Based on Van de Poppe, the ETH/BTC pair is prone to backside subsequent month after failing to interrupt above a key resistance stage and persevering with to say no.

“ETH couldn’t break the world at 0.036 BTC and continues to fall.

We look ahead to assist to be discovered. If this downtrend continues, we are going to possible see 0.03 BTC in December and reverse from there.”

Ethereum is buying and selling at 0.03302 BTC ($3,094) on the time of writing.

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Generated picture: Midjourney