Bitcoin Will Hit This Six-Figure Price After Blowing Past $63,000, Says Crypto Analyst Michaël van de Poppe

Cryptocurrency analyst Michaël van de Poppe is saying that Bitcoin (BTC) is about to hit a six-figure worth within the present bullish cycle.

The crypto analyst notes that after Bitcoin broke above the $55,000 worth for the primary time since Could, the flagship crypto asset’s present assist is across the $49,800 to $51,000 degree.

 

In case of a correction, Bitcoin may plummet to between $40,000 and $44,000, in line with Van de Poppe.

“So, at this level I feel that given the breakout that we’ve obtained, the extent that we must be watching is the vary low that we’ve got been performing in beforehand to. So this complete area that we’ve obtained on the lows right here, which is that space between $49,800 to $51,000.

If we’re going to get a correction, that’s the degree that for now’s the essential degree for me. As a result of if we’re going to lose that zone, I feel we’re going to shortly [go] beneath this degree round $47,000 and drop all the way in which again in the direction of right here [between $40,000 and $44,000].”

Then again, Van de Poppe says the bullish outlook is for Bitcoin to vary earlier than breaking above the present file excessive of $64,804.

The cryptocurrency analyst says Bitcoin is more likely to replicate a earlier sample, when BTC surged from round $15,000 to barely over $63,000, earlier than probably reaching a brand new all-time excessive of no less than $250,000.

“So we get some sideways motion, get to look at the all-time excessive, get down sideways motion, massive breakout. After which we get into the ultimate section in which you’ll merely copy-paste this complete run [$15,000-$63,000] in the direction of the one which we’ve got above $63,000. After which we in all probability assume that we’re going to get in the direction of $250,000 or increased.”

Bitcoin has appreciated by 30% over the previous seven days and is buying and selling at $54,245 on the time of writing, in line with CoinGecko.

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The post Bitcoin Will Hit This Six-Figure Price After Blowing Past $63,000, Says Crypto Analyst Michaël van de Poppe appeared first on Binance.

Cryptocurrency analyst Michaël van de Poppe is saying that Bitcoin (BTC) is about to hit a six-figure worth within the present bullish cycle. The crypto analyst notes that after Bitcoin broke above the $55,000 worth for the primary time since Could, the flagship crypto asset’s present assist is across the $49,800 to $51,000 degree.  
The post Bitcoin Will Hit This Six-Figure Price After Blowing Past $63,000, Says Crypto Analyst Michaël van de Poppe appeared first on Binance.BitcoinBitcoin – Binance

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