Two popular analysts have named altcoins that could be well positioned to rise to new highs soon. Prerequisite: Bitcoin manages to move back above its critical support level at $ 35,000.


Bitcoin Price Reset-a Good Buying Opportunity?

True, Bitcoin is currently struggling to hold above $ 32,000. However, once the descent into bearish territory is averted, Cardano (ADA) and Ethereum (ETH) could rise to new highs. This is what two much-cited crypto strategists believe.

Popular professional trader Michaël van de Poppe writes his more than 330,000 Twitter followers, for example: ETH and ADA are already knocking on the doors of their annual highs-and are eager to break through them. Poppe is convinced that this will also be the case – once Bitcoin has found its low point.

ADA has retreated so much since the recent year high that it is “absolutely incredible”, explains the trader (you can buy Cardano at eToro or Libertex).

His advice:

“Keep focusing on the $ USD pairs guys, you’ll be fine.“

As well, the pseudonymous Trader @CryptoCapo_ analyzed. He gives his more than 129,000 followers a downright gigantic price forecast for Cardano. He writes:

“Friendly reminder, just in case you forgot what bullish ADA looks like.“

To do this, he posts a chart with his ADA price forecast. According to this, ADA initially trades between $3 and $4-but then rises to $ 30 in the long run!

What could trigger the massive price increase at Cardano? CryptoCapo, according to the announcement of a Smart-Contract functionality of the Coins. While that would effectively make Cardano an Ethereum competitor, it has been repeatedly postponed so far.

Similar to Van de Poppe, CryptoCapo is bullish on Ethereum and expects new highs-before the end of the year. He predicts that the Ethereum price will rise to $ 10,000 (and possibly beyond) before the end of the year:

Either way, the industry observer thinks the recent market downturn is only temporary. After the reset, the trader expects a massive rally for BTC – and the current prices he calls an accumulation opportunity.

His thesis is supported by a new analysis by the crypto research company Santiment. According to them, owners of large crypto holdings are currently continuing to buy BTC-despite the price decline and latent bearish perspective. According to Santiment, Bitcoin whales Have Just Bought Tens of Thousands of BTC Worth Nearly $ 2 billion:

“Bitcoin continues to move in the $37,000 to $39,000 range, but the whales are accumulating behind the scenes. Addresses with 100 to 10,000 BTC have added a total of 50,000 BTC to their wallets, or ~ $ 1.95 billion.“