Michael van de Poppe: BTC could fall by $ 10,000

Editor’s note: NOT investment advice!

Leading crypto analyst Michael van de Poppe notes that the flagship crypto asset BTC $98,566.84 Bitcoin -0.56% Market capitalization $1.95 trillion VOL. 24 hours $3.87 billion is at the low end of the price range. If the current level does not hold, BTC could fall by $ 10,000. De Poppe notes that this is a critical point for continued growth and maintaining the current level of support. If BTC fails to hold this level, the price could drop to $ 52,000-$ 55,000.

In addition, the analyst considers two encouraging altcoins that have potential for traders. The first of them is AIOZ Network, a blockchain project that is at the intersection of Web3, artificial intelligence, data storage, and streaming. De Poppe notes that AIOZ looks very promising and is one of the strongest trending assets. An important level for holding the target range is $ 0.65−0.68. If this level is maintained, the price of the virtual coin may rise to $ 1.35−1.45.

The second altcoin is Injective Protocol (INJ), a decentralized financial protocol. Despite the fact that INJ has fallen significantly since December, the analyst says that this altcoin has a lot of potential for growth.