Analyst called the condition for the bitcoin price to rise above $35 000 in June
Michaël van de Poppe also shared his predictions on the price movements of altcoins Chainlink (LINK) and XAcademy Network (XCAD)
10.06.2022 - 12:45
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What’s new? According to crypto analyst Michaël van de Poppe, the recent bitcoin price recovery could indicate that the first cryptocurrency and altcoins could start rising as early as this month. The trader also analyzed the value of Chainlink (LINK) and XAcademy Network (XCAD) tokens.
When it comes down to #Bitcoin, it's back in resistance and chopping around like crazy.I'd like to see $30.4Kish hold as support.If that holds, finally, then I'm assuming we'll see $32.8K and potentially $35K. pic.twitter.com/hT7fGXlmEP— Michaël van de Poppe (@CryptoMichNL) June 7, 2022
Bitcoin prediction. According to Van de Poppe, the support level for BTC is the $30 400 mark. If the first cryptocurrency holds at it, we can expect the value of the asset to rise to $32 800 and then to $35 000.
As of June 10, 12:10 UTC, bitcoin is trading at $30 093, down in price by 0,85% in the last 24 hours.
Chainlink prediction. The analyst noted that, as he had previously predicted, the token of the decentralized oracle network Chainlink (LINK) has held steady at $7,25 and now continues to move towards $9. Looking ahead, the altcoin could reach a price of $10,91.
On June 10, LINK is trading at $8,91. Its rate is down by 3,52% in the past 24 hours but is up by 30,49% for the week.
XAcademy Network prediction. Van de Poppe also drew attention to the utility token of the NFT marketplace XAcademy Network (XCAD). He stated that the coin “is showing strength” and is approaching the $5 mark. If XCAD crosses that mark, we can expect it to rise to $8. The analyst also noted the trading platform’s upcoming event, which will be held on June 16 in New York. The company’s representatives note that the YouTube broadcast of the event will be in the Watch2Earn format.
On June 10, XCAD is trading at $5,2, having added 1,9% in price per day and 32,7% per week (according to CoinGecko).
Source: Tradingview.comEarlier, Michaël van de Poppe also shared his opinion on how to trade the Terra (LUNA) token in the current market conditions.
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