Popular cryptocurrency analyst Michael van de Poppe said that Bitcoin (Bitcoin) failure to defend key support levels could lead to new lows.
Van de Poppe in a new strategy session video on YouTube To tell His 163,000 YouTube subscribers believe Bitcoin needs to buy support to keep it above $16,750.
“The key is the $16,750 level. If you want something, you obviously have to keep it there.
If the market doesn’t surge above $16,700, we’re probably seeing new lows. And looking at altcoins, they clearly share the same view. ”
At the time of writing, Bitcoin is trading at $16,834.
Van de Poppe is also called Ethereum (ethereum) and Litecoin (LTC) may be heading towards a lower price target.
“ETH is not continuing its rally at the moment, which means we are looking at $1,220 to $1,230 if we can’t pick up the pace.
So is Litecoin. From $71 he sees a balance around $72 if Litecoin does not pick up the pace and clearly rejects $76 and starts to move lower. ”
At the time of writing, Ethereum is trading at $1,254 and Litecoin at $75.33.
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