One of the most respected crypto analysts believes that a relatively unknown altcoin could be on its way to a major breakout.
Crypto trader Michaël van de Poppe tells Omni Network’s 722,400 social media followers (X) on platform X.OMNIEthereum, which is a blockchain-based (ETHThe value of a unified rollup network could soar by more than 16 percent from its current level and continue to rise.
“I’m heavily interested in newer coins, especially Binance listed ones. OMNI is one of those, which is on the verge of a big breakout upwards. Needs to break through $16, but, first and foremost, needs to hold above $12.50 as support.”
OMNI was trading at $13.70 as of the time this article is written, up almost 3% within 24 hours.
The analyst will be the next to arrive. says BitcoinBTCAfter a consolidation period, it is possible that ETH exchange-traded funds (ETFs) could be approved. This would likely lead to ATHs around $73,000. The expected approval of spot-ETH exchange traded funds (ETFs) could also boost Bitcoin, according to him.
“Bitcoin is back in the range. Likely we’ll see a continuation from here towards the all-time high. I think we’ll consolidate some more and start to see substantial strength coming from ETH after the listing of the ETF.”
Analysts also shares a chart that shows retail investor demand is the lowest in about three years – below 15% during the last 30 days – suggesting demand from this investor class will soon reverse and send Bitcoin soaring.
“This is a great chart and visualizes the current sentiment. The gap between Web 2.0 institutional interest and Web 3.0 sentiment hasn’t been bigger than this. It’s the lowest point in years on the demand side. It will turn around for Bitcoin. This is the time.”
Bitcoin currently trades for $66,852, up 5% from the previous 24 hours.
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