The cryptocurrency market, especially BTC, has been sideways lately, as Bitcoin and XRP struggle to find a clear direction.
Michaël van de Poppe, a prominent crypto analyst and trader, shared his views on the two coins on Twitter today.
According to Van de Poppe, Bitcoin is still in a waiting period and he is looking for two scenarios to enter a long position. One of them is a drop to $29,000, which would be a low to see and a potential reversal point.
The other is the recovery of the $30,200-30,400 range, which could mean a bullish move and a possible move to $31,500.
For XRP, van de Poppe said he is not interested in trading in the current range of $0.66 to $0.825. Poppe is waiting for either the $0.66 level to be a buying opportunity for the long or a clear retracement of the $0.825 level, which could signal a bullish continuation.
At the time of this writing, the BTC price was at $ 29,846, while XRP was trading at $ 0.7695.
*Not investment advice.
