Crypto trader and strategist Michaël van de Poppe says lower levels may come for Bitcoin (BTC), Ethereum (ETH) and XRP.
Bitcoin (BTC) Forecast
The cryptocurrency analyst sees that the BTC dropped to $ 10,500 a few hours after rising above $ 12,000, indicating that further losses would be experienced.
“The outlook here is that support has broken… In the short term, you can see that momentum has changed… If we see a drop towards $ 9,900 and come back to $ 11,200 right away, I won’t be surprised.
Ethereum (ETH) Forecast
Van de Poppe also sees a short-term decline in Ethereum. He says that a fall below $ 300 is a real possibility, as the bulls set momentum for weeks in the second largest cryptocurrency.
If we reach $ 350, we can see a jump towards $ 390. If we can’t reach $ 350, the expected level should be between $ 315 and $ 320. Then we can see the $ 275 and $ 280 levels.
As for XRP, the crypto trader says he expects a big drop first from Ripple’s local token and then a big bang.
“After such a regression, the correction seems more likely. XRP may retreat to the $ 0.23, $ 0.22, $ 0.21 levels. However, we can reach $ 0.48 levels later. ”