Bitcoin Boom to $28,000 Incoming – If Top Crypto Can Stay Above This Line: Analyst Michaël van de Poppe

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Bitcoin Boom to $28,000 Incoming – If Top Crypto Can Stay Above This Line: Analyst Michaël van de Poppe

Popular crypto strategist Michaël van de Poppe believes that Bitcoin (BTC) is gearing up for a burst to the upside as it now trades above a key level.

Van de Poppe agwa his 647,300 Twitter followers that traders who are betting against the king crypto may provide the necessary fuel for a rally toward his target of $28,000.

“People properly eagerly start to short, so cracking $23,200 is inevitably continuation towards $26,000-$28,000 on the charts.” 

Source: Van de Poppe/Twitter

N'oge a na-ede ihe, Bitcoin is trading for $23,267, above Van de Poppe’s resistance area.

While the analyst says he’s still looking for a correction toward $21,700, he kwetara na Bitcoin trading activity is on the up, suggesting that momentum is on the side of BTC bulls.

"Bitcoin still eagerly holding the levels of the range low.

I’m still favoring a sweep of $21,700 as the most optimal long entry, but people are so hyped to get in the markets that most likely we won’t get it.

In that regard, continuation to $26,000-$28,000 seems likely.” 

Fellow crypto strategist Pentoshi also shares the same view on Bitcoin. The analyst, who correctly called the end of BTC’s bull market in 2021, says a move above $23,300 will likely na-agbagharị Bitcoin na $ 25,000.

“The way I see things right now:

*IF* BTC flips $23,300 and ETH flips $1,680, *THEN* we see BTC to $25,000 and ETH with a god candle towards $1,9xx before a major retracement.

IF = THEN.” 

Isi Iyi: Pentoshi/Twitter Echefula Beat - Idenye aha iji nweta ozi mkpu email nke a na-enyefe na igbe mbata gị

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