According to Famous Analyst, Bitcoin is on a Relief Rally: Announces Critical Price for 40 Thousand Dollars!

Famous Youtuber and crypto analyst Michael van de Poppe made remarkable statements about the critical support level and factors that will carry the Bitcoin (BTC) price to $ 40 thousand.

Analyst Michael van de Poppe shared a social media post on March 23. in your postshared his thoughts on the price movement in Bitcoin. USA based Bitcoin mining positive mood about an important factor in the rise of the price Poppe stated that Bitcoin is a in the relaxation rally suggested it might.

The bill proposing Bitcoin mining in the US is a positive thing for the markets, possibly fueling the upward rally. I expected further declines, but it broke above $27,700 and it is clearly heading higher. We have to watch closely how we stay above this level.

Poppe’s first thoughts are that a possible correction may come and that the Bitcoin price will at least $23,300 levels were likely to fall. The rationale behind this thought of the analyst is The US Federal Reserve (FED) was based on interest rates.

However, the Fed’s 25 basis point rate hike did not trigger a serious drop in Bitcoin price, and your $27,700 There was a cautious uptrend. After this sudden turnaround, Poppe changed his mind. in your post 40 thousand dollars stressed that a relaxation run can be experienced towards the band. On the other hand, the analyst price should be followed closely. And macroeconomic data He stated that he could turn the wind in the opposite direction at any moment:

Yes, Bitcoin could test higher with the break of $27,800. Looking ahead, I would like to see $27,700 holding strongly. If this area is lost, a pullback to the $25,300-25,800 band could be seen before the $40,000 test.

According to CoinGecko data, in the last 24 hours 1.4% Bitcoin, which has been on the rise, at the time of writing at $28,109 is being traded.


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