Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe says Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are on the verge of bouncing back in the market. 

He says that Bitcoin could be on the way to $31,800 after holding the $30,000 price. 

“Bitcoin held the $30,000 level, so long would still be intact from the $29,300 region. Now flipping $30,300 would be continuation towards $31,800 possible,” says Van de Poppe.

Also Read: Crypto Trader Who Warned Bitcoin Would Break Under $30K, Now Predicts New 52-Week Low

Talking about the ETH, he says it is near a “potential bounce play.” 

“Waiting for the $1,720 region on ETH for a potential bounce play. The same goes for BTC, around $29,000 after this harsh rejection,” he adds. 

Earlier, he had predicted that ETH could even top $20,000 in 2022. 
At the time of writing, BTC was trading at $29,555, up 1.95% in the last seven days. Meanwhile, Ethereum was at $1,763, down  0.95% in the last week.