One of the most prominent cryptocurrency analysts expects Bitcoin (BTC) will soar in value over the next several months.
Expert analyst Michal van de Poppe reassures his 652,500 Twitter followers that Bitcoin (BTC) is attractive relative to its 200-week EMA and its 200-week simple moving average (SMA). (MA).
The crypto market cap is above the 200-day exponential moving average and the 200-day moving average.
In most cases, it won’t make its way back down.
After factoring in FTX, Voyager, Celsius, LUNA, and 3AC, our total rises from $15,000 to $28,500.
We expect to maintain our current monthly revenue of $40,000 to $50,000.
However, for the moment, cryptocurrencies like Ethereum (ETH) are better options than Bitcoin (BTC), according to Van de Poppe.
Bitcoin is looking for support at current levels, thus we expect to see long opportunities.
At the moment, altcoins and Ethereum are the most powerful.
Bitcoin is currently trading at $2,600 below Van de Poppe’s key level of resistance.
Bitcoin’s price is still meeting resistance at $28,600.
You hope that there will be a new wave of support now that the framework is in place.
The sum at this tier is $27,600.
If it holds and the price rises again, then we’ll keep going until we reach $27,600 or $28,600.
The trader enlarges the Bitcoin chart and predicts that the future is uncertain.
Ok, let’s check out Bitcoin.
At the time of writing, one bitcoin is valued $28,191, barely below the $29,000 barrier level noted by Van de Poppe.