Bitcoin, Ethereum And Top Altcoins Price Predictions Are Out

It has been revealed that we have some pretty new price predicitons for some of the most important digital assets out there. Check out the latest reports below.

A crypto analyst with a large following is analyzing Ethereum (ETH) and Bitcoin (BTC) and identifying altcoins that he believes could perform better in the current market slump.

Michaël van de Poppe, a crypto trader, suggests to his 663,900 followers on X social media platform that ETH’s recent price drop may be linked to BTC’s upcoming halving event, based on historical patterns.

He notes that in 2019, Ethereum’s price dropped in September, eight months before the Bitcoin halving. Similarly, in 2023, Ethereum appears to be experiencing another price drop eight months before the halving.

ETH is currently valued at $1,644, a decline of 7.6% in the past week. The analyst also suggests that BTC may be emulating commodities, given its status as the top cryptocurrency by market capitalization.

“Silver & Gold showing massive strength after terrible PMI (Purchasing Managers’ Index) rates.

Yields seem to top out, through which Bitcoin is likely to follow the commodities.”

The trader also provides a chart to help solidify his point.

“Bitcoin moves alongside commodities.

Silver reclaimed all the losses and is back to the levels of July.

Matter of time whether Bitcoin runs back to $30,000.

If we have another sweep of the lows at $24,000-25,000 -> I’m a final buyer before the bull.”

At the time of writing, BTC is being traded at $26,042, which is an 8% decline over the last seven days. Van de Poppe has revealed his top picks for “newer coins” and “memecoins” that he is keeping a close watch on.

He believes that certain categories could perform better in the coming period, much like in 2020.

The newer coins that he recommends are ARB, OP, INJ, and SUI while the memecoins are PEPE and DOGE. These are definitely worth monitoring.