Cryptocurrency trader Michaël van de Poppe is bullish against Bitcoin (BTC). He also suggests that the flagship of cryptocurrencies may experience an upward move. The tweet that Van de Poppe sent to his followers and which contains an attached graphic attracts attention. Accordingly, it indicates that the rally could start above the $30,000 level. Currently, Bitcoin is trading at $29,777. Also, Van de Poppe suggests that a price below $29,700 indicates consolidation.

Van de Poppe points to potential approval of spot Bitcoin and Ethereum (ETH) exchange-traded funds (ETFs) in the US. Accordingly, he believes it can act as a catalyst for the market. Emphasizing the importance of ETFs, Van de Poppe states that their impact is greater than many realize. He also recommends buying lows for both Bitcoin and Ethereum.
Analyst Ali Martinez emphasizes crypto money DOGE and SHIB
Cryptocurrency analyst Ali Martinez points out the high price correlation between Dogecoin and Shiba Inu. Accordingly, DOGE suggests it could reflect SHIB's double-digit rise over the past week. Both DOGE and SHIB have similar high market caps. Popular community-driven crypto projects that also attract investors and interest.
Cardano highlight from BitBoy
Ben Armstrong, known as BitBoy, discusses the potential price action of the cryptocurrency ADA following the implementation of the Mithril upgrade on the Cardano mainnet. Mithril upgrade aims to reduce node synchronization time on Cardano blockchain. It also leads to various percentage earnings estimates for ADA among investors and experts.
Some forecasts say that ADA could exceed $31 in the short term. Other estimates have figures like $100. Armstrong agrees with these estimates. However, he points out that less than 10% of market participants invest based on developments in the network. It hints that the Mithril upgrade may not trigger a significant rally for ADA as expected. On the other hand, Armstrong draws attention to factors such as a significant depreciation of the dollar or an increase in whale activity. He notes that these factors may contribute to ADA's potential to reach such a high price.
Cryptocurrency RNDR at new resistance level
Render (RNDR) is bullish after recovering from $1.64 and targeting the $1.71 resistance. The price of the token found support at its 24-hour low. Afterwards, it reached its intraday high of $1.71. The current price of RNDR is located at $1.70. Accordingly, this situation shows that the positive atmosphere continues despite the resistance.
Technical indicators are showing that the uptrend is getting stronger. The 100-day moving average (MA) broke above the 20-day MA, creating a golden cross, which is a strong signal for long positions. Short-term momentum is bullish. Also, the 20-day MA is pointing up.
Other indicators
The Relative Strength Index (RSI) is at 63.62 and to the upside. Accordingly, this indicates increased buying pressure and improved market sentiment. However, caution is advised as the market is approaching overbought conditions and the RSI is still below the 70 threshold. The MACD trend for the cryptocurrency RNDR is positive, supporting the bullish view.
On the other hand, a Money Flow Index rating of 69.47 indicates higher money inflows into the RNDR market. This confirms the positive outlook. Despite the promising bullish momentum, signs of consolidation and potential overbought conditions suggest caution is warranted.
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