As the markets enter summer, a well-known crypto trader is anticipating price hikes for a trio of crypto assets.
The recent Bitcoin (BTC) price rebound could imply that both BTC and altcoins are set to go on a run this month, according to crypto expert Michal van de Poppe, who has 608,100 Twitter followers.
- The odds for a relief rally this month are increasing as Bitcoin recovered this entire move.
- Altcoins on the daily time frame [are] also starting to look better.
- This could be a relief rally of 50-100% on them. Be ready.”
In the case of Bitcoin, Van de Poppe sees $30,400 as an appropriate support level, with a successful defense of the line allowing BTC to rise as high as $35,000.
“When it comes down to Bitcoin, it’s back in resistance and chopping around like crazy. I’d like to see $30,400-ish hold as support. If that holds, finally, then I’m assuming we’ll see $32,800 and potentially $35,000.”
Bitcoin is trading for $30,018 at time of writing.
