Bitcoin Primed For Imminent Rally?
Michael van de Poppe is saying we should expect a 40% jump in the Bitcoin price in the “short term”:
Bitcoin Primed for Imminent Rally, According to Crypto Analyst Michaël van de Poppe – Here’s the Timeline
A widely-followed crypto analyst says conditions are right for Bitcoin (BTC) to begin a significant rally.
Crypto trader Michaël van de Poppe tells his 639,100 Twitter followers that a 40% jump for Bitcoin is likely in the short term.
His prediction comes as BTC leaped into the $21,000 price range and as the US dollar has weakened in value according to the US dollar index (DXY). The analyst says Bitcoin may hit $30,000 within weeks.
“DXY is tanking. Yields are ready to drop. Bitcoin at $21,000. It’s time for the run towards $30,000 in the coming weeks.”
He says that Bitcoin is likely headed next to $22,500 after a slight dip, which would make for an opportune time to invest.
“And, just like that, Bitcoin took out all the highs, volume is increasing and it’s back above $21,000. I’m assuming we’ll continue towards $22,500 from here, but have a slight correction before continuing (as we took out all the liquidity). Buy the dip season.”