Analyst and trader Michaël van de Poppe is highlighting one crypto asset that could go up by triple-digit percentage points while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
Van de Poppe tells his 775,600 followers on the social media platform X that the native token of the decentralized machine-learning network Bittensor (TAO) is “doing great” and is primed to rally by over 125% to a new all-time high.
“Good to be in profit on this position and I think that the crypto & artificial intelligence (AI) narrative will push this one past $1,000.”
Based on Van de Poppe’s chart, it appears he’s suggesting that Bittensor has confirmed strong support at around $340 and faces crucial resistance at around $500.
Bittensor is trading at $445 at time of writing, down by around 40% from the all-time high price of about $758.
Next up is Bitcoin. Van de Poppe says “good times are ahead” for BTC and altcoins and that Bitcoin is primed to rise to $100,000 or higher “probably within one to two weeks.”
Bitcoin is trading at $97,012 at time of writing.
Turning to Ethereum, Van de Poppe says that the second-largest crypto asset by market cap is on the cusp of rising against its Bitcoin pair. According to the analyst, an Ethereum rally could be bullish for altcoins.
“I think that ETH is about to break upwards above 0.0285 BTC.
The fact that altcoins provide double-digit momentum today is a great sign, imagine if Ethereum starts trending.
It’s still a great time to accumulate the altcoins, and I think that we’re in for a great bull.”
Ethereum is trading at 0.02808 BTC ($2,730) at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here