dailyhodl.com
A widely followed crypto analyst is diving into the crypto markets after a week of largely sideways trading action.
Crypto trader Michaël van de Poppe tells his 660,100 Twitter followers that Bitcoin ($BTC) is on the edge of a move that will strengthen the crypto markets.
“Bitcoin is on the edge of a big move here.
Breaking through $30,300-30,500 and we’ll see strength all across the board.
Chainlink then above $8.
Bitcoin back to $31,000.”
Looking harder at $BTC, Van de Poppe says the king crypto is due for another sweep.
“Not breaking the crucial area, seems like we’re going to have another sweep of the low for Bitcoin.”
$BTC is worth $29,714 at time of writing, down 3% in the last week.
Moving on to the blockchain oracle Chainlink ($LINK), the trader expects the Ethereum (ETH)-based altcoin to expand even more.
“There we go on Chainlink.”
$LINK is trading for $8.09 at time of writing, up 18% in the last 24 hours.
Diving into the XRP-rival Stellar ($XLM), the trader suggests the $0.14 price zone might be a good entry for long trades on the explosive altcoin.
“Missed the trade at $0.12 on $XLM.
If I get the chance, I’ll be looking at longs at $0.14 for a play.”
$XLM is trading for $0.163 at time of writing, up 15% in the last 24 hours.