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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/analyst-micheal-van-de-poppe-maps-the-next-price-action-for-bitcoin-altcoins/">Analyst Micheal van de Poppe Maps the Next Price Action for Bitcoin &amp; Altcoins</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The markets are slowly heating up with a slow transition in the sentiments. Bitcoin is slowly moving upwards and the altcoins are waking up from a deep sleep. The recent price action lifted the markets significantly up beyond the crucial levels around the 200-week MA &amp; EMA. Further, the market cap continues to form higher highs and lows which suggest a potential upswing but also carries the possibility of a new correction.&nbsp;</p> 
<p>Well-known crypto analyst, <a href="https://twitter.com/CryptoMichNL">Micheal van de Poppe</a>, marks the next trade set-up for Bitcoin and top altcoins like Polygon (MATIC), Ripple (XRP) &amp; Litecoin (LTC)</p> 
<h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)&nbsp;</h2> 
<p>Bitcoin in the short term appears to have stuck within a narrow range due to dropped volume and volatility. However, in the long term, the token continues to flash a bullish signal as the price appears to be at the foothill of a massive explosion.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh3.googleusercontent.com/X3vJQRunzFKCqiSHi3GD0FKjfZwv4I4keXiJQEIaIVMOnn1Lu8stLUDUK0zLDMvkr9zJCprWNDu3y6cmmUX7h49jhiPq0rv3qgg-P3B9_D2aYZ6E1Wl06uHXiHUILmI8HWTLrm3mbeqmfcgiXzSeP5A" alt="">
</figure> 
<blockquote class="wp-block-quote"> 
 <p>“Massive signal on the weekly chart for Bitcoin.</p> 
 <p>The 200-week MA and EMA both held.</p> 
 <p>Additionally, another higher low was made, so we’ll be looking at a higher high in the coming period.</p> 
 <p>Raw lines, but expecting us to rally substantially before a new correction,”</p> 
</blockquote> 
<h2 class="wp-block-heading" id="polygon-matic">Polygon (MATIC)&nbsp;</h2> 
<p>Polygon’s price, after facing rejection from $1.5, has been maintaining a steep declining trend. However, the bulls have currently halted the bearish trend and managed to maintain a horizontal trade. Besides, technicals suggest the price is closer to a bullish breakout.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh3.googleusercontent.com/-QC2cD9SLrwwoQS4yQ3PtdfIKBWS89f3NA3wqiTCvuEkgn9WhUOftA-OuQ5R1zDYsVkZ9BKjkPPflhwH4Bvp9haDAdy1iRoddduPs5zhyZvOgS4x22Fn-nBacb6bxsjdH0rd49XBXcZMKAMPAwW3Mac" alt="">
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<blockquote class="wp-block-quote"> 
 <p>“This one looks decent.&nbsp;</p> 
 <p>Massive cascade to $0.50 resulting into a chain reaction of liquidation on the long side.&nbsp;</p> 
 <p>Those have all been taken&nbsp;</p> 
 <p>Likely that we’ll be breaking up, needs to flip $0.75.&nbsp;</p> 
 <p>Looking to long a retest around $0.55 or flip $0.75,”</p> 
</blockquote> 
<h2 class="wp-block-heading" id="ripple-xrp">Ripple (XRP)</h2> 
<p>Even though the price is facing significant bearish action, the trend continues to ascend, heading toward the target set at $0.55. The token is displaying enough strength and hence is believed to maintain a healthy upswing ahead.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh5.googleusercontent.com/R-iTuXqiCBBfk8IYwMqCDaJMDd-URe2L3NbJ0LZZW1BX8kILotc1FWptg2WP3s1NM9PuxBvRoq_5bxpT4rF1NiSG23Yf7MXUnRyNn8xcTq_KTqpfremCm9LUYftESAHCV0gllfqPmJ9XpE3ifwHQo9U" alt="">
</figure> 
<blockquote class="wp-block-quote"> 
 <p>“I’m interested in XRP if we flip the level of $0.5025, then we can start having continuation towards the highs,”</p> 
</blockquote> 
<h2 class="wp-block-heading" id="litecoin-ltc">Litecoin (LTC)&nbsp;</h2> 
<p>The Litecoin price has been trading within an ascending channel for a long time. The trend remained elevated, displaying significant strength ahead of the much anticipated halving event. The price is assumed to be hovering within a pre-halving phase and a massive upswing is assumed to be triggered soon after the event.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh5.googleusercontent.com/MsBXkqCcWQEgt2V5sh93f6ey5cxE3VwV-5ktiya-G204HqTNntK7B-Fyo3HfpQ_KD7WDxfrTmI1RP6fO5ktAElbcUYRLvE12btR68nolg-imsIKgqWXoPHjtauwRmjRA4yEgBCPdP-RErpVcvPGZzak" alt="">
</figure> 
<blockquote class="wp-block-quote"> 
 <p>“Great weekly candle, through which we’ll most likely continue running towards $102.</p> 
 <p>After that, slight correction before continuation towards $180 if a breakout above those recent highs is happening,”</p> 
</blockquote>

Analyst Micheal van de Poppe Maps the Next Price Action for Bitcoin & Altcoins

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