Michael Van De Poppe Says Bitcoin, Ethereum And Altcoins Close To The Point Where Investors Can 'Buy The Dip'

Cryptocurrency enthusiasts are closely watching as both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) near critical buying levels, according to renowned analyst Michael van de Poppe.

What Happened: Van de Poppe has identified that Bitcoin and Ethereum are approaching levels where purchasing on dips could prove beneficial.

Van de Poppe stressed the significance of “dip buying” for Bitcoin, which is currently trading at $89,250. He pointed out that Bitcoin is nearing its first major point of interest for traders.

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Meanwhile, Ethereum, priced at $3,040, is also nearing an optimal entry point.

"Dip buying, that's what we want with Bitcoin. Getting close to the first point of interest, and, in the meantime, ETH is getting close towards an optimal entry as well."

"The general plan for the upcoming period is to buy the dip."

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The analyst also highlighted opportunities in other altcoins, advising traders to watch for entry points in these digital assets in the coming weeks.