Michael Van De Poppe Says Bitcoin, Ethereum And Altcoins Close To The Point Where Investors Can ‘Buy The Dip’
Cryptocurrency enthusiasts are keeping a close eye on both Bitcoin (Crypto: BTC) and Ethereum (CRYPTO: ETH) is near critical buy levels, according to a popular analyst Michael van de Poppe.
What happened: Van de Poppe identified that Bitcoin and Ethereum are approaching levels where buying on dips could be beneficial.
Van de Poppe stressed the importance of “buying the dip” for Bitcoin, which is currently trading at $89,250. He noted that Bitcoin is approaching the first major point of interest for traders.
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Meanwhile, Ethereum, at $3,040, is approaching the ideal entry point.
“Buying the dip, that’s what we want with Bitcoin. We’re getting close to the first point of interest, and in the meantime, Ethereum is getting close to an optimal entry as well.”
“The general plan for the coming period is to buy the dip.”
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The analyst also highlighted opportunities in other altcoins, advising traders to monitor entry points into these digital assets in the coming weeks.
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