- Crypto analyst Michaël van de Poppe has given an in-depth evaluation of Bitcoin, Ethereum, and two altcoins.
- According to the analyst, Bitcoin is currently trading in a low range and could see a correction to between $52,000 and $55,000 if current levels are not maintained.
- Van de Poppe also shared his thoughts on the upcoming Ethereum Spot ETFs, predicting they will not be approved this month.
Crypto analyst Michaël van de Poppe provides an in-depth analysis of Bitcoin, Ethereum, and two altcoins, offering predictions and insights into the current market trends.
Bitcoin’s Potential Correction
Van de Poppe has noted that Bitcoin is currently trading in a low range. If the current levels are not maintained, the analyst predicts a possible correction to between $52,000 and $55,000. This prediction is based on the current market trends and the analyst’s understanding of Bitcoin’s price movements.
Ethereum Spot ETFs Prediction
The analyst also discussed the upcoming Ethereum Spot ETFs. Despite the anticipation surrounding these ETFs, Van de Poppe believes they will not be approved this month. However, he noted that a 60-day period will be created for a new decision, suggesting that July and August could be significant months for the market.
Analysis of Altcoins INJ and ARB
Van de Poppe also evaluated two altcoins, Injective (INJ) and Arbitrum (ARB). According to the analyst, the hype for INJ is slowly ending as the token has lost 70% of its value against Bitcoin. Despite this, he believes the current regions are bullish. As for ARB, it has experienced a correction and is now on the verge of exiting this correction.
Conclusion
Van de Poppe’s analysis provides valuable insights into the current state of the crypto market. Bitcoin could see a correction if current levels are not maintained, and the Ethereum Spot ETFs may not be approved this month. However, the market could see significant developments in July and August. As for the altcoins INJ and ARB, they are experiencing different trends, with INJ losing value and ARB exiting a correction.
