A closely watched crypto analyst says an Ethereum (ETH)-based altcoin is poised to skyrocket as he updates his view on Bitcoin (BTC).
In a new strategy session, crypto trader Michaël van de Poppe explains tells His 732,000 followers on social media platform
“CPOOL is consolidating and preparing for a major breakthrough. I think RWA (real-world assets) will become a big pillar of this market, which leads me to believe we will see upside momentum after testing at $0.22-0.23.”
CPOOL is trading at $0.223 at the time of writing, down marginally over the past 24 hours.
We move on to the most important crypto asset by market capitalization: Van de Poppe say that Bitcoin and Ethereum are nearing the point where traders might consider buying the dips.
“Dip buying, that’s what we want with Bitcoin. We are getting close to the first interesting point, and in the meantime ETH is also getting close to an optimal entry.”
BTC is trading at $89,250 at the time of writing, while ETH is valued at $3,040.
According to the strategist, traders should do the same Look for entry points in other altcoins over the coming weeks.
“The general plan for the coming period is to buy the dip. It’s as simple as it is. Altcoins are likely to break out left and right in the coming weeks and you would want to maximize that by buying those 20-50% dips.”
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Generated image: DALLE3