Cryptocurrency

Optimism

Polygon

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 Cryptocurrency analyst and trader Michaël van de Poppe says one Polygon (MATIC) rival is setting the stage for a massive surge.
 Van de Poppe tells his 685,200 followers on the social media platform X that layer-2 scaling solution Optimism (OP) might soon soar by more than 55% from its current value.
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 “Simplified TA (technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>) on OP, but it shows my perspectives and the outlook for the project. A natural correction taking place through profit-taking and interest into the project, before another push towards $5-plus is likely given the significant use-case surrounding roll-ups.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEDGWcTWgAAUzft?format=png&amp;name=medium" alt="Image" width="1200" height="632">
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 Source: Michaël van de Poppe/X
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 Looking at his chart, the trader suggests OP might dip below the $3 level and then bounce to the $5 level.
 Optimism is trading for $3.22 at time of writing, down more than 6% in the last 24 hours.
 Next, the trader updates his outlook on Bitcoin (BTC) and says the king crypto could soon retest a key level at the lower bound of a trading range after failing to rally.
 “Bitcoin doesn’t even provide a rally toward $46,000. A retest at the lower boundaries will likely occur, and the range is getting defined between $38,000-$48,000. I’ve been mentioning this for a long time. Be ready to buy the dip, as the sentiment will become negative.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEJPGWgWsAAfpwb?format=png&amp;name=4096x4096" alt="Image" width="2274" height="1220">
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 Source: Michaël van de Poppe/X
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 Looking at the trader’s chart, he suggests Bitcoin could eventually soon dip down to the $38,000 level and then rally past $42,000.
 The trader warns that Bitcoin sometimes performs contrary to the popular market sentiment, citing two prior examples including price action following approval last week of BTC exchange-traded funds (ETFs).
 “The markets are always surprising everyone. Bitcoin at $15,000, nobody is interested and expects it to go to $10,000. Bitcoin is at $48,000 at the ETF; $60,000 is next because of the ETF launch. 
 If you follow the sentiment, you’ll be like it. Average. 
 Make it simple: Buy the dip.”
 Bitcoin is trading for $41,151 at time of writing, down 3.5% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-micha-l-van-de-poppe-says-polygon-rival-likely-to-surge-by-over-55-maps-path-forward-for-bitcoin-tbt77111.html">https://thebittimes.com/crypto-trader-micha-l-van-de-poppe-says-polygon-rival-likely-to-surge-by-over-55-maps-path-forward-for-bitcoin-tbt77111.html</a>

Crypto Trader Michaël van de Poppe Says Polygon Rival Likely To Surge by Over 55%, Maps Path Forward for Bitcoin

TheBitTimes

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