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Crypto Market Recovers- Here Are the Next Levels for BTC, ETH & ADA

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Following the crypto market correction this week, popular crypto analyst Michaal van de Poppe has updated his research on what levels Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) must hold.

The trader tells in his latest YouTube Video that the market correction is creating a “really nice entry zone” for traders looking to enter the market.

“If you go back in history, September is usually a pretty bad month, but October and the rest of the year is usually quite bullish.”

Bitcoin Price

The essential level for Bitcoin to retain at this point, according to Van de Poppe, is a price between $37,500 and $40,000. He believes BTC might retest $28,000 if it falls that level. however, he believes the bull cycle will continue, and that BTC will continue to rise if it recovers above $44,000.

Also Read : Ethereum Price Chart Pattern Worries Traders? What Is It All About?

Ethereum Price

According to Van de Poppe, the crucial level to watch for Ethereum is about $2,600. If that continues true, he believes the upward trend in ETH will continue. The Major altcoin would have a “relief bounce” up to $3,500, then plummet to a higher low before continuing to rise in price.

Cardano Price 

Cardano (ADA) will need to break through $2.35 to appear bullish again, according to analysts. Cardano is “getting into a massive buy opportunity,” he adds.

If ADA loses its $1.90 level, he believes it will fall all the way to $1.50. Poppe stated that after one more bull run, he intends to exit cryptocurrency totally.

Also Read : Will Cardano Price Be Affected by Elrond Upgrades? ELGD Price Set to Hit $500!

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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