- Ethereum (ETH) and Cardano (ADA) to launch massive price breakouts
- ADA/BTC targets a new yearly high of around 0.000062
Based on the crypto analyst tweets on 8th June 2021, altcoins against BTC are still doing fine. Also, he said that they are just consolidating. “I think they will once Bitcoin is bottomed,” van de Poppe added.
I think they will once #Bitcoin is bottomed.
— Michaël van de Poppe (@CryptoMichNL) June 8, 2021
Further, the trader told his Twitter followers ETH and ADA are knocking on the doors of the yearly highs. Also, they are eager to break through despite the current situation in the crypto markets.
More so, Michaël van de Poppe noted that ETH and ADA are waiting for one signal before launching magnificent price breakouts.
As per Michaël van de Poppe, ADA/BTC targets a new yearly high of around 0.000062. This represents a potential gain of relatively 35% from its current price of 0.000046.
Following this, he added:
Cardano doesn’t care and is ready for new yearly highs on the Bitcoin pair.
In addition, the analyst another altcoin that has been showing signs of life all along. This altcoin is nothing else but Tezos. He said that Tezos is finding support on critical moving averages against Bitcoin as it prepares for the next bull run.
Moreover, he noted that Tezos holds the 100-day and 200-day MAs here. “This looks like we’re going to have a continuation of the bull cycle”, added the trader.