Cryptocurrency

Bitcoin

Polkadot

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/expert-predicts-significant-rise-for-polkadot-and-opportunities-amidst-crypto-correction/" data-wpel-link="internal">Expert Predicts Significant Rise for Polkadot and Opportunities Amidst Crypto Correction</a><br></p>
<p style="text-align: justify">Cryptocurrency market analyst Michael van de Poppe has indicated that one of Ethereum’s (ETH) biggest competitors, Polkadot (DOT), could more than double its price from the current level.</p> 
<h2 id="opportunity-phase-in-dot">Opportunity Phase in DOT</h2> 
<p style="text-align: justify">Van de Poppe highlighted that the correction in the cryptocurrency markets offers many opportunities, one of which is Polkadot (DOT). According to the widely followed analyst, Polkadot could rise to $17, which is an approximate 164% increase from its current level. According to Van de Poppe’s chart, the analyst suggests that DOT is facing “a critical resistance” at around $9.39 after retesting the support level between $5.50 and $6.00. Polkadot was trading at $6.45 at the time this article was written.</p> 
<p style="text-align: justify">Following Polkadot (DOT), Van de Poppe addressed <a href="https://en.coin-turk.com/analyst-benjamin-cowen-shares-possible-price-target-for-bitcoin-in-2025/" data-wpel-link="internal">Bitcoin</a> (BTC), the leading cryptocurrency. According to the expert, BTC is moving towards the final stages of the correction. The well-known crypto analyst suggests that Bitcoin should be in a low range between $36,000 and $39,000.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-307961 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/analist.png" alt="" width="680" height="375"></p> 
<h2 id="correction-process-in-altcoins">Correction Process in Altcoins</h2> 
<p style="text-align: justify">Additionally, according to Michael Van de Poppe’s chart, the highest level of the range is just above the last reached level in December 2021, which was $51,200. Bitcoin was trading at $39,890 when the article was penned. Turning to altcoins, Van de Poppe suggests that there is an opportunity amidst the negative sentiment and double-digit correction, stating the following:</p> 
<blockquote> 
 <p style="text-align: justify">Altcoins are entering a 30% – 50% correction. After the approval of spot Bitcoin exchange-traded funds (ETFs), people begin to lose faith. Negative <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> comes to the forefront. It’s time to load up on positions. This is a great and probably the last opportunity to get in.</p> 
</blockquote> 
<p style="text-align: justify">Crypto analyst Michael van de Poppe notes that Polkadot could rise 164% to $17 while highlighting Bitcoin’s correction and opportunities in altcoins.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/expert-predicts-significant-rise-for-polkadot-and-opportunities-amidst-crypto-correction/" data-wpel-link="internal">Expert Predicts Significant Rise for Polkadot and Opportunities Amidst Crypto Correction</a></h5>

Expert Predicts Significant Rise for Polkadot and Opportunities Amidst Crypto Correction

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