A popular crypto analyst has recently shared some exciting insights into the potential breakout of a Solana (SOL) rival, Aptos (APT). According to Michaël van de Poppe, a well-known crypto trader, Aptos may be gearing up for a significant surge of more than 65% following a breakout from a key resistance level. Van de Poppe also highlighted the bullish news that Aptos will support the stablecoin USDC on its blockchain, further fueling optimism for the project.
Van de Poppe expressed his bullish sentiment towards Aptos, stating, “APT is one of those chains with a massive capacity to facilitate transactions. The price action looks excellent too. Broke a significant resistance zone and great news is coming in! Holding above there we’ll likely see a run towards $17 and $20.” At the time of writing, APT is trading at $12.09, marking a nearly 22% increase over the last 30 days.
Switching gears to Bitcoin (BTC), the analyst predicts that the leading cryptocurrency will reach $100,000 by Friday. However, he also cautions that there may be a sudden pullback following this milestone. Van de Poppe advised, “Bitcoin is going to hit the $100,000 [November 22nd]. Absolutely insane. However, the coming corrections are going to be flash crashes and those moments are the ones to be stepping in if you aren’t already.”
Van de Poppe further discussed the upcoming altseason, emphasizing that it is likely to kick off once Bitcoin and altcoins experience a correction. He explained, “The theory still stands on BTC. We’ll have a massive sweep/flash crash downwards causing altcoins to drop massively. From that point, rotation game happens and we’re having a multi-month altseason. Before that happens, $100,000 per one Bitcoin is around the corner.”
Analyzing his charts, Van de Poppe suggested that Bitcoin could retrace to the $85,327 level. Currently, Bitcoin is trading at $98,797, reflecting a 1.7% increase in the last 24 hours.
Lastly, the analyst pointed out a potential breakout for Ethereum (ETH) against Bitcoin, noting a bullish divergence on the ETH/BTC trading pair’s daily chart. A bullish divergence occurs when the price of assets records lower lows while indicators like the Relative Strength Index (RSI) show higher lows. Van de Poppe remarked, “A massive bullish divergence starts to wake up on ETH. It’s a great sign.”
If ETH/BTC manages to flip 0.036 BTC into support, it will confirm a bullish reversal has begun. At the time of writing, ETH/BTC is trading at 0.03340 BTC ($3,297), down 2.45% in the last 24 hours.
In conclusion, the crypto market is abuzz with potential breakout opportunities and significant price movements, as highlighted by Michaël van de Poppe’s analysis. Investors and traders are advised to stay informed and monitor these developments closely for potential trading opportunities.