Bitcoin

AIOZ Network

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 One widely followed crypto analyst says Bitcoin (BTC) needs to hold current price levels or face a precipitous drop.
 Crypto trader Michaël van de Poppe&nbsp;tells&nbsp;his 717,100 followers on the social media platform X that BTC could potentially fall by $10,000 in value if current levels&nbsp;aren’t&nbsp;maintained.
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 “Bitcoin is at the range low.&nbsp;This&nbsp;is technically the area where&nbsp;you’d&nbsp;prefer to see it hold, so the upward momentum continues, and the range&nbsp;holds.
 If this&nbsp;doesn’t&nbsp;hold,&nbsp;then&nbsp;we might expect $52,000-$55,000 as a potential low on this correction.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GNIIzTtWMAAqgnH?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 BTC is trading for $61,966 at&nbsp;time of&nbsp;writing, up 5% on the week.
 The analyst next breaks down AIOZ Network (AIOZ), a blockchain project seeking to embed itself at the intersection of Web3, AI, storage and streaming.
 “This one looks&nbsp;very&nbsp;promising and is one of the&nbsp;strongest&nbsp;trending assets.
 In-trend level to hold: $0.65-0.68.
 If&nbsp;that’s&nbsp;lost, then the long-term investment region comes into play.
 If we hold, I expect $1.35-1.45 might seem next.&nbsp;
 Very strong&nbsp;one.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GNIKM9GWYAAxpXp?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 AIOZ is trading for $0.853 at time of writing, up 10%&nbsp;on the day.
 Van de Poppe also&nbsp;looks at&nbsp;the decentralized finance (DeFi) protocol Injective (INJ). Even though INJ has been down big since December, Van de Poppe says the altcoin has a lot of room to run.
 “The hype has faded away, and&nbsp;it’s&nbsp;down 70% against Bitcoin.
 A prime example of rotation.
 Peaked in December&nbsp;’23.&nbsp;
 Bitcoin did a +70% since then, INJ a -40%.&nbsp;
 Never marry your bag; rotate to Bitcoin to make more Bitcoin.&nbsp;
 An attractive area for a long.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GNIKcHgXQAAUEiC?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
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 INJ is worth $23.69 at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/with-bitcoin-at-a-range-low-crypto-analyst-picks-out-two-promising-altcoins-for-traders-to-watch-tbt87922.html">https://thebittimes.com/with-bitcoin-at-a-range-low-crypto-analyst-picks-out-two-promising-altcoins-for-traders-to-watch-tbt87922.html</a>

With Bitcoin at a ‘Range Low’, Crypto Analyst Picks Out Two ‘Promising’ Altcoins for Traders To Watch

TheBitTimes

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