A well-liked crypto strategist is predicting rallies within the coming weeks for a trio of digital belongings together with Bitcoin (BTC), Ethereum (ETH) and Fantom (FTM).
Analyst Michaël van de Poppe tells his 615,500 Twitter followers that he’s bullish on BTC, ETH and FTM as he expects the three crypto belongings to surge within the subsequent two months after a rocky first half in 2022.
“Anticipating to see Bitcoin at $28,000, Ethereum at $1,500 or extra [and] FTM at $0.45-0.55 throughout the subsequent 4 to eight weeks. Summer season reduction time.”
Taking a look at Bitcoin, Van de Poppe says he sees the king crypto presumably retesting help at $20,500 earlier than taking out resistance at $22,000 and rallying to his goal of $28,000.
“A possible state of affairs on Bitcoin (doesn’t must play out clearly). Taking a look at $21,900 resistance, taking a look at help at $21,100 and $20,500. Decrease boundaries, I’m closely taking a look at swing longs in direction of $28,000.”
At time of writing, Bitcoin is altering palms for $21,444.
As for Ethereum, the crypto strategist believes the main sensible contract platform is biding its time for a rally to his goal at $1,500.
“Good first step for ETH. Matter of time earlier than we begin persevering with the run in direction of the $1,500 space (as there are huge gaps in between).
Proper now, nonetheless sluggish grind, however slowly shorts getting stopped out.”
At time of writing, Ethereum is swapping palms for $1,211.
Subsequent up is Ethereum challenger FTM, which Van de Poppe says is due for a slight pullback earlier than persevering with its bounce.
“In search of FTM to check round $0.265 and that will set off continuation in direction of $0.32 and probably $0.45-$0.55 within the coming weeks.”
At time of writing, Fantom is valued at $0.27.
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