Dutch crypto experts predict massive altcoin runs up to 50% and major Bitcoin action soon

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Last Updated on 23 May 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Several renowned Dutch analysts with an influential following on social media are convinced that we’ll see a rebound of Bitcoin in the coming weeks as well as breakouts by various altcoins. A death cross analysis suggests that we could be heading in the other direction, with a possible bottom of $22k. A quick overview as we enter a new week of trading.

DaanCrypto, the online moniker of a known Dutch crypto analyst with a heavy following online, let it rip with a 35 Tweet thread this weekend covering everything from Bitcoin in the short term, Bitcoin in the long term, and especially how the decision made by the Federal Reserve and their setting of interest rates would influence this.

Advertentie.

Resistance zone

We advise you to read it, because, as even American commentator Scott Melker admitted, it is a ‘hell of a thread’.

Secondly, Michael Van de Poppe, who is a known analyst that the major media outlets like Cointelegraph and Coindesk feature for commentary, explained over the weekend that he believes that Bitcoin in the short term has only one way to go, namely up. Michael said:

Bitcoin broke crucial level at $29.3K. Now facing next resistance zone at $30.2-30.3K. That’s the final hurdle. As long as $29.3K holds, I’m assuming we’ll test $32.8K coming week & have altcoin runs of 20-50%.

In other words, if Bitcoin indeed sees a short term reprisal upwards, expect several altcoins to rally.

On the other hand, there’s the analysis of Rekt Capital which is quite bearish. He stated that the death cross of January 2022 could be an important indicator of where we could end up, saying:

Bitcoin is down -40% since the Death Cross occurred in early Jan ’22. History suggests that whenever a Death Cross occurs, Bitcoin experiences deeper downside

Lots to consider as we start another week.