• Cryptocurrency analyst van de Poppe recently stated that the BTC price is on a downward trend and the analyst also looked at other cryptocurrencies including the IA altcoin FET.
• While discussing FET in his analysis, Van de Poppe referred to it as a strong token.

Contrary to widespread expectations, the year has been a bear season, with most digital currencies losing their 2021 gains in just a few months. Still, the crypto market has yet to show any bullish momentum. Meanwhile, a prominent cryptocurrency analyst has published his analysis of some digital currencies. The digital currencies he analyzed include Bitcoin (BTC), Fantom (FTM), Litecoin (LTC) and the AI ​​altcoin, FET.

Michaël van de Poppe discusses some cryptos

Michaël van de Poppe, a famous crypto analyst, recently took to Twitter to share information about his price analysis of these cryptocurrencies with his more than 643,500 followers. While talking about BTC, the analyst pointed out that the flagship coin is trending downward.

According to him, BTC witnessed two harsh rejections last week. He said the approximate rejections were at the $16,600 and $16,800 price levels, respectively. Meanwhile, he opined that the leading digital asset may soon be retesting the $16,400 price resistance level.

If BTC recovers that price zone, the USD has to bounce. However, if BTC fails to break above that price resistance level, it would drop towards its next support level at $16,200,” he added. Furthermore, Van de Poppe believes that Litecoin’s native token (LTC) is approaching a price zone that would be favorable for potential long trades. “LTC arrived at its destination earlier than expected. Long regions ahead,

Additionally, the trader analyzed the performance of the layer 1 network, Fantom, and identified two significant price points for FTM, its native token. “Let’s see if the trend can change on FTM,” the trader said. He explained that there was a critical support level at $0.1990. However, the token would have to overcome a crucial resistance at $0.2025.

FET is strong — Van de Poppe

The analyst later shifted his focus to the Fetch.ai machine learning network governance token (FET). While discussing FET in his analysis, Van de Poppe referred to it as a strong token. “The altcoin made that bearish retest; however, the price did not drop as much as I wanted to achieve the filling. I shared this earlier here,” he stated.

Van de Poppe spoke again about FET, saying that the AI-powered blockchain had finally “caught up.” According to him, “the token has been going up, and it may continue to do so if the market remains stable.” According to current data from CoinMarketCap, FET is trading at $0.092536 and is up 1.13 percent in the last 24 hours.

However, the altcoin AI is still 92.16 percent below its all-time high of $1.19, recorded on September 8, 2021. The lowest value of the token since its introduction was $0.00816, reached the March 12, 2020. Van De Poppe’s analysis of these coins indicates that he is bullish on them for at least the foreseeable future.