• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, September 26, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Micheal van de Poppe Maps Next Target Levels For Ethereum and Bitcoin Price

August 29, 2022
in Crypto News
Reading Time: 4 mins read
A A
Micheal van de Poppe Maps Next Target Levels For Ethereum and Bitcoin Price
ShareShareShareShareShare

A popular analyst, Micheal van de Poppe, recently mapped the potential targets for the Bitcoin, and Ethereum prices ahead of the Merger. Along with the top assets, the global market cap of the crypto space also appears to be in deep trouble, as the Dollar Index is strengthening every new day. 

DXY Index Needs to Reverse Now!

Global market capitalization is experiencing a constant drain ever since it dropped below $1 trillion in the recent past. Since then the levels have been swinging close to $978 billion but have been failing to surpass these levels. 

While the USD is gaining massive strength in the international market, the analyst believes the market sentiments are ‘ultimate low’. Therefore, the moment of truth is fast approaching for the entire space.

Moment of truth coming up for the entire #crypto market.

Facing another test of the 200-Week MA, which ultimately could lead to a HL and retest.

Sentiment is on an ultimate low.$DXY needs to reverse or top out soon, though. pic.twitter.com/qlvutKi9QG

— Michaël van de Poppe (@CryptoMichNL) August 29, 2022

As per the analyst, the global market cap is currently facing the crucial 200-day MA levels which may compel the price to form another Higher low after a restest. When the market sentiments are low and DXY displays no prospects of a bearish divergence, the possibility of an extended price slash prevails. 

Bitcoin to Test $19K but May Not Drop to $14,000

Bitcoin price for more than 36 hours has been swinging in and out of $20,000. While some hope this consolidation may further lead to a massive breakout while some believe that the BTC price may form new lows before breaking above.

However, Poppe lays down a potential scenario for the Bitcoin price as it is testing the crucial weekly support area. 

❔ – Potential scenario on #Bitcoin, as we are facing a test of a weekly support level.

Testing $19K region seems inevitable.

Question is whether we’ll sweep the lows or just create an HL (based on Total Market Cap 200-Week MA).

✅ – Everyone waiting for $14K. Seems unlikely. pic.twitter.com/1Bf9EuXWk6

— Michaël van de Poppe (@CryptoMichNL) August 28, 2022

As the BTC price is consolidating heavily, the analyst believes the price may surely test the lower support at $19,000. The global market cap is expected to undergo a correction and hence the top cryptos may also be largely impacted. Therefore, the analyst states that Bitcoin may shake a bit but may certainly not revisit $14,000.

Merge Hype Could Get Intensified Soon

The popular analyst is plotting a bullish signal for the Ethereum price ahead of the Merger. Poppe believes that the ETH’s corrective phase is all set to end very soon. The lost Merger hype is all set to kick off very soon which may rise the price above $1350 soon. 

Looking at a scenario like this on #Ethereum.

▫️ End of correction relatively soon, crucial level around $1,350.
▫️ Merge hype starting to get fired in the coming weeks, taking markets up.

▫️ If block around $1,300-1,350 is lost -> $1,000 next. pic.twitter.com/0NPpMJqGcU

— Michaël van de Poppe (@CryptoMichNL) August 27, 2022

On the contrary, some of the on-chain reports indicate a slump in the Ethereum’s daily new addresses which had hit more than 250K earlier has dropped below 50,000 now. This may probably indicate the shift of focus of the investors from Ethereum. However, the upcoming event may turn the tables for the asset and the entire crypto space. 

Was this writing helpful?


Credit: Source link

Related articles

A New Era in Crypto Privacy and a Rival to Monero, Dash, and ZCash

A New Era in Crypto Privacy and a Rival to Monero, Dash, and ZCash

September 26, 2023
Police arrest BitBoy Crypto aka Ben Armstrong, on YT livestream

Police arrest BitBoy Crypto aka Ben Armstrong, on YT livestream

September 26, 2023
ShareTweetSendPinShare
Previous Post

Web3 Foundation Launches Decentralized News Monetization Pilot Project

Next Post

South Korea brings new guidance for its Metaverse, introduces ‘ethical principles’

Related Posts

A New Era in Crypto Privacy and a Rival to Monero, Dash, and ZCash

A New Era in Crypto Privacy and a Rival to Monero, Dash, and ZCash

September 26, 2023

Privacy Pools aims to balance crypto privacy with regulations, sparking debates in the community. Automated compliance and zero-knowledge proofs may...

Police arrest BitBoy Crypto aka Ben Armstrong, on YT livestream

Police arrest BitBoy Crypto aka Ben Armstrong, on YT livestream

September 26, 2023

Police have arrested Ben Armstrong. The arrest was made during his livestream session on YouTube. Also known as BitBoy Crypto....

Celsius creditors vote in favor of reorganization plan

Celsius creditors vote in favor of reorganization plan

September 26, 2023

  Creditors would receive approximately $2 billion in crypto assets from the insolvent crypto lender. Celsius plans to sell assets...

Kangamoon Emerges as a Leading Play-to-Earn Game

Kangamoon Emerges as a Leading Play-to-Earn Game

September 26, 2023

Gaming is a fast-growing space in crypto, with several projects raising excitement. One such is Axie Infinity, with its price...

Celsius creditors vote overwhelmingly in favour of reorganisation plan

Celsius creditors vote overwhelmingly in favour of reorganisation plan

September 26, 2023

Table of Content Pending final court approval, Celsius creditors have voted 98% in favour of a reorganisation plan that could...

Load More
Next Post
South Korea brings new guidance for its Metaverse, introduces ‘ethical principles’

South Korea brings new guidance for its Metaverse, introduces 'ethical principles'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Sales of Mila Kunis-backed Stoner Cats NFTs jumps after SEC crackdown

Sales of Mila Kunis-backed Stoner Cats NFTs jumps after SEC crackdown

September 14, 2023
NHN Corporation Enters Web3 Gaming with Mysten Labs Partnership

NHN Corporation Enters Web3 Gaming with Mysten Labs Partnership

September 25, 2023
South Korea To Freeze North Korean Crypto Assets With New Bill

South Korea To Freeze North Korean Crypto Assets With New Bill

September 5, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • XRP Ledger Developer Xumm Reveals “Infrastructure Overhaul,” More Than An Upgrade?
  • A New Era in Crypto Privacy and a Rival to Monero, Dash, and ZCash
  • Pudgy Penguins strikes major IP and merchandising deal with Walmart

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,136.00-0.72%
  • ethereumEthereum(ETH)$1,583.56-0.48%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.09%
  • binancecoinBNB(BNB)$211.680.92%
  • rippleXRP(XRP)$0.50-0.14%
  • usd-coinUSDC(USDC)$1.00-0.09%
  • staked-etherLido Staked Ether(STETH)$1,583.74-0.42%
  • cardanoCardano(ADA)$0.243976-0.53%
  • dogecoinDogecoin(DOGE)$0.060225-1.29%
  • solanaSolana(SOL)$19.14-1.90%
  • tronTRON(TRX)$0.0845360.24%
  • ToncoinToncoin(TON)$2.11-2.71%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.00-1.80%
  • matic-networkPolygon(MATIC)$0.52-0.27%
  • litecoinLitecoin(LTC)$63.80-1.14%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.64%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,119.00-0.68%
  • bitcoin-cashBitcoin Cash(BCH)$213.951.35%
  • chainlinkChainlink(LINK)$7.26-3.06%
  • daiDai(DAI)$1.000.00%
  • true-usdTrueUSD(TUSD)$1.00-0.07%
  • leo-tokenLEO Token(LEO)$3.65-3.38%
  • uniswapUniswap(UNI)$4.23-0.68%
  • avalanche-2Avalanche(AVAX)$8.940.42%
  • stellarStellar(XLM)$0.111755-1.16%
  • moneroMonero(XMR)$144.15-0.72%
  • okbOKB(OKB)$42.97-0.15%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBUSD(BUSD)$1.000.02%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.06-1.29%
  • cosmosCosmos Hub(ATOM)$6.96-1.19%
  • hedera-hashgraphHedera(HBAR)$0.049426-1.80%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • filecoinFilecoin(FIL)$3.17-1.21%
  • crypto-com-chainCronos(CRO)$0.049902-0.73%
  • internet-computerInternet Computer(ICP)$2.94-1.82%
  • lido-daoLido DAO(LDO)$1.45-1.48%
  • AptosAptos(APT)$5.39-3.39%
  • makerMaker(MKR)$1,406.248.06%
  • MantleMantle(MNT)$0.390617-0.62%
  • quant-networkQuant(QNT)$85.58-2.81%
  • vechainVeChain(VET)$0.016555-1.37%
  • ArbitrumArbitrum(ARB)$0.820.84%
  • nearNEAR Protocol(NEAR)$1.09-1.83%
  • optimismOptimism(OP)$1.272.08%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.045985-2.56%