Fintechs.fi

Fintech & Crypto News

Michaël Van de Poppe Updates His Outlook For Bitcoin, ApeCoin And Fantom

A popular crypto analyst, Michaël van de Poppe, looks into Bitcoin (BTC) against the US Dollar Index (DXY). He also updates ApeCoin (APE) and Fantom (FTM).

Bitcoin (BTC)

Van de Poppe shared with his 589K Twitter followers that Bitcoin should break the immediate resistance at $40K to move up to $43K level.

“To me, this is still the area to break on Bitcoin.

If this block breaks and flips, I think $43K is next.

Dollar is close to topping out as well.”

US Dollar Index (DXY)

The analyst also keeps an eye on USD index DXY chart to in order project Bitcoin’s next moves.

“Let’s reverse the DXY and then Bitcoin is going to do really well.”

ApeCoin (APE)

Next up is Bored Ape Yacht Club’s governance and utility token ApeCoin. APE has been performing well, since its launch last month. The analyst is interested in taking a position in APE, but not at the current price levels.

“Well, APE didn’t give the entry that I wanted, but it’s at take profit region. If it drops back to $18.40 or $19.30, I’m still heavily interested in this one.”

Fantom (FTM)

Looking into Fantom (FTM), van de Poppe updates his target area for buying in.

“Still waiting for this level on FTM.”

Leave a Reply

Your email address will not be published.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