Michaël van de Poppe Draws Must-Hold Levels for BTC, ETC, VeChain and Kava

Widely-followed cryptocurrency analyst and trader Michaël van de Poppe draws critical price levels for Bitcoin (BTC), Ethereum, VeChain and Kava.

The analyst shares with his 352K followers on Twitter that Bitcoin continues to consolidate in the low-$30,000 range.

Van de Poppe said that if the top Bitcoin fell from the $32,500 area, it would likely shoot down to $31,000, which is what happened. The largest crypto lost $32,500 support and fell to $31,247.

“Bitcoin still barely holding support here. If this is lost, I’m looking at the final hurdle around $31K for support on this one. For now, it’s still consolidating overall.”

#Bitcoin still barely holding support here. If this is lost, I'm looking at the final hurdle around $31K for support on this one.

For now, it's still consolidating overall. pic.twitter.com/t3jjaFe9sh
— Michaël van de Poppe (@CryptoMichNL) July 13, 2021

Looking the upside, $34,673 is a key point of resistance that BTC would need to break to change the course, according to the trader. However, Bitcoin has been rejected twice at that resistance point in the past month.

The analyst also takes a look at Ethereum, specifically its Bitcoin pair, to hold 0.057 satoshis (sats) and break through resistance at 0.063 sats.

Van de Poppe says that if ETH/BTC can break through that difficult zone, the next point of resistance will be at 0.074 sats.

Van de Poppe is also looking at decentralized supply-chain tracker VeChain (VET), which, according to him, remains in a downtrend against Bitcoin.

VET will likely re-test critical support at 0.0000025 sats, he says. If that holds, VeChain could bounce toward upward resistance at 0.00000273 sats.

Otherwise, VET is likely going to re-test a support at 0.00000158 sats, says the trader

“The view on VET hasn’t changed, in which we’re still trending down. Critical support, for me, is given.”

$KAVA is still following the path. pic.twitter.com/gFgiShjWzp
— Michaël van de Poppe (@CryptoMichNL) July 13, 2021

According to Van de Poppe, cross-chain decentralized finance (DeFi) lending protocol Kava is following the expected path as it touches down on support at 0.00127 sats.

If Kava tests resistance again at 0.000144, the altcoin is likely to break to the upside and head for the next resistance zone at 0.00023, says the analyst.