Bitcoin is on the Verge To Slice Through ,000-Micheal Van De Poppe
The post Bitcoin is on the Verge To Slice Through $ 30,000-Micheal Van De Poppe appeared first on Coinpedia Fintech News
After maintaining a notable upswing during the previous day’s trade, the Bitcoin price corrects itself slightly by dropping by more than 4%. While the trading volume remains relatively high, the possibility of mounted selling pressure over the token since the early training hours.
However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $ 30,000 in the near future.
The BTC price is expected to drop back to the $ 17,500 and $ 17,700 range after reaching the monthly highs at $ 18,000. From these levels, the star crypto is likely to soar high, breaking through the key resistance levels at $ 18,300.
“We get a smackdown towards $ 17,500 to $ 17,700. That is the range where you want to start buying and then we can see continuation. The moment we crack the crucial resistance, which is the area at $ 18,300, we are back into this range and most likely we start overshooting quite fast…so then I’m definitely looking at a $ 21,000 continuation here. Potential even higher.”
He believes that Bitcoin may surge toward $ 45,000 as the market conditions ease to some extent, similar to what it did in 2019.
“We are getting into a stage that we most likely are going to get a continuation on the risk-on assets. We get the bear market relief rally, we get a stage like we have been seeing in 2019. And that’s why you can start building your portfolio and can start accumulating even more. So if we get such a rally, let’s say towards $ 35,00, $ 40,000,$ 45,000. I think it will be overshooting $ 30,000, that is actually going to give you an incredible opportunity,”
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