Analyst claims altcoin flashes silently despite market correction, updates Bitcoin Outlook

A well-followed cryptocurrency analyst says a large-cap altcoin is showing unique strength amid an ongoing correction in digital asset markets.

Michaël van de Poppe tells his 614,000 followers that Binance Coin (BNB), the utility token of the leading cryptocurrency exchange platform Binance, is one of the few coins that currently has an attractive market structure.

In a new strategic session, Van de Poppe says BNB bulls may be able to seize a rally by entering somewhere between $ 215 and $ 211.

“BNB against [stablecoin] USDT is perhaps the only currency I will be looking at when it comes to potentially looking at longs. Right now, we declined, but we’re actually gaining a level …

I want to see a level gained here to see the continuation. So if you want to look long on BNB I think it makes sense to start looking at the range we have here between $ 216 and $ 215. Maybe if you are a little more defensive you can start looking at $ 211, but this is the only coin showing strength now “.

The analyst also says so BNB it may be well on its way to reaching the $ 256 level, which is about 20% above current prices.

“I’m still fine here for BNB. Structure on ETH [Ethereum] it’s similar, too.

Source: Van de Poppe / Twitter

When it comes to Bitcoin (BTC), the analyst says the leading crypto asset by market cap has three potential scenarios ahead of it.

“There are three scenarios that I am looking at with Bitcoin. The first level of support on which it is currently resting, but the lowest confirmations.

Preferably sweeping the lows and recovering is a $ 20,000 trigger or flip. “I

Source: Van de Poppe / Twitter

READ ALSO  The six most important reasons for the popularity of bitcoins


Check out the price action

Don’t miss a beat – sign up to receive cryptographic email alerts sent directly to your inbox

Follow us on Twitter, Facebook And Telegram

Navigate Hodl’s daily mix


Check out the latest news headlines


Disclaimer: The views expressed by The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock / Alberto Andrei Rosu / Natalia Siiatovskaia

Tinggalkan komentar