Dutch crypto experts predict massive altcoin runs up to 50% and major Bitcoin action soon

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Several renowned Dutch analysts with an influential following on social media are convinced that we’ll see a rebound of Bitcoin in the coming weeks as well as breakouts by various altcoins. A death cross analysis suggests that we could be heading in the other direction, with a possible bottom of $22k. A quick overview as we enter a new week of trading.

Hell of a thread. https://t.co/JQOTsvUSqw

— The Wolf Of All Streets (@scottmelker) May 21, 2022

DaanCrypto, the online moniker of a known Dutch crypto analyst with a heavy following online, let it rip with a 35 Tweet thread this weekend covering everything from Bitcoin in the short term, Bitcoin in the long term, and especially how the decision made by the Federal Reserve and their setting of interest rates would influence this.

Resistance zone

We advise you to read it, because, as even American commentator Scott Melker admitted, it is a ‘hell of a thread’.

🔹Charts

It’s likely that $BTC is going to close it’s 8th consecutive red weekly candle.

This does not mean we HAVE to bounce of course. People have been mentioning this since the 6th candle already.

It does however show prices are getting quite oversold on low/mid tf.

5/36 pic.twitter.com/hgarsNgyCJ

— Daan Crypto Trades (@DaanCrypto) May 21, 2022

Secondly, Michael Van de Poppe, who is a known analyst that the major media outlets like Cointelegraph and Coindesk feature for commentary, explained over the weekend that he believes that Bitcoin in the short term has only one way to go, namely up. Michael said:

Bitcoin broke crucial level at $29.3K. Now facing next resistance zone at $30.2-30.3K. That’s the final hurdle. As long as $29.3K holds, I’m assuming we’ll test $32.8K coming week & have altcoin runs of 20-50%.

#Bitcoin broke crucial level at $29.3K.

Now facing next resistance zone at $30.2-30.3K.

That’s the final hurdle.

As long as $29.3K holds, I’m assuming we’ll test $32.8K coming week & have #altcoin runs of 20-50%. pic.twitter.com/GCnmw9mNl2

— Michaël van de Poppe (@CryptoMichNL) May 22, 2022

In other words, if Bitcoin indeed sees a short term reprisal upwards, expect several altcoins to rally.

On the other hand, there’s the analysis of Rekt Capital which is quite bearish. He stated that the death cross of January 2022 could be an important indicator of where we could end up, saying:

Bitcoin is down -40% since the Death Cross occurred in early Jan ’22. History suggests that whenever a Death Cross occurs, Bitcoin experiences deeper downside

#BTC is down -40% since the Death Cross occurred in early Jan ‘22

History suggests that whenever a Death Cross occurs, #Bitcoin experiences deeper downside

Now that one has occurred, what could we potentially expect?

Here’s a thread with my analysis about the $BTC Death Cross:

— Rekt Capital (@rektcapital) May 20, 2022

Lots to consider as we start another week.