A widely followed crypto analyst thinks new highs for crypto king Bitcoin (BTC) could be closer than expected.
Crypto trader Michaël van de Poppe tells His 673,300 followers on social media platform X said any possible dip in BTC’s rise could be potential investment opportunities for traders.
“Actually, new highs are closer than we think on Bitcoin.
Buy the dips.”
BTC is worth $36,520 at the time of writing, up 0.5% on the last day.
Looking at the decentralized finance (DeFi) blockchain Injective (INJ), Van de Poppe is institution a high target for the altcoin.
“This one shows a lot of strength.
If there is a retest, then I think the $15.30-15.75 area is a hold area and therefore a long zone.
The target could be $22 if it breaks the high.”
INJ is worth $16.72 at the time of writing, down 2% on the day.
As for layer-2 (L2) blockchain Arbitrum (ARB), the merchant say the Ethereum (ETH) L2 will continue to rise.
“Update on this, which didn’t actually reach the exact levels stated in the chart, but the theory remained the same.
Corrected and retested and now looking for new highs at $1.36.”
ARB is trading at $1.11 at the time of writing, down 1% in the last 24 hours.
Van de Poppe too peeks at the progress of Chainlink (LINK), where he sees “tremendous strength” for the leading blockchain oracle.
“Enormous strength in the markets, and also on Chainlink.
I’m not sure we will see the $12.50-$13.20 level.
If we do, I’m interested in buying the dip before LINK goes to $20.”
LINK is worth $14.16 at the time of writing, down 5% in the past day.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on Tweet, Facebook And Telegram
Surf to the Daily Hodl mix
Featured image: Shutterstock/cobalt88