Trader Michaël van de Poppe Says Ethereum-Based Altcoin on Cusp of ‘Big Breakout,’ Updates Outlook on Bitcoin
A closely followed crypto analyst says that one Ethereum (ETH)-based altcoin is ready to skyrocket while updating his outlook on Bitcoin (BTC).
In a new strategy session, crypto trader Michaël van de Poppe tells his 732,000 followers on the social media platform X that decentralized credit marketplace Clearpool (CPOOL) is gearing up for a massive rally and should break out if it shoots past the $0.22-$0.23 level.
“CPOOL is nicely consolidating and preparing for a big breakout. I think RWA (real-world assets) is going to be a big pillar of this market, through which I assume we’ll see upward momentum after a test at $0.22-0.23.”
Source: Michaël van de Poppe/X
CPOOL is trading for $0.223 at time of writing, a marginal decrease during the last 24 hours.
Moving on to the top crypto asset by market cap, Van de Poppe says that Bitcoin and Ethereum are getting close to the point where traders may consider buying the dips.
“Dip buying, that’s what we want with Bitcoin. Getting close to the first point of interest, and, in the meantime, ETH is getting close towards an optimal entry as well.”
Source: Michaël van de Poppe/X
BTC is trading for $89,250 at time of writing while ETH is valued at $3,040.
According to the strategist, traders should also look for points of entry in other altcoins during the next few weeks.
“The general plan for the upcoming period is to buy the dip. It’s as easy as it is. Altcoins are likely breaking out left and right in the upcoming weeks and you’d want to maximize that through buying those 20-50% dips.”
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