Cryptocurrency analyst Michael van de Poppe noted that Bitcoin (BTC) is trading below a significant level and this is where the party begins. He also suggested buying XRP (XRP), which he expects to make a big breakthrough in the medium-long term, when it reaches the buy point.

Van de Poppe stated that Bitcoin should exceed the $ 29,800 level and stated that a serious increase is expected if the price exceeds this level. At the time of writing, Bitcoin is trading at $29,393 and has increased its value by 0.16% in the last 24 hours.

Referring to Ripple's XRP, the analyst stated that he is waiting for the purchase point to enter XRP and said, "I think it will do well and should definitely be in your bag in the coming period." said.

Van de Poppe also analyzed the cryptocurrency market in general and reiterated his bullish call from earlier this month. He noted that many are suggesting that Bitcoin will fall to $12,000 and altcoins will create new lows, but he does not expect such a situation.

Finally, according to the ‘Psychology of a Market Cycle’ chart shared by the analyst, the cryptocurrency market is expected to exit the cycle of depression and then enter the cycle of disbelief before the start of the next bull run.

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