Crypto trader Michaël van de Poppe predicts a strong future in the coming months despite the recent negativities. Bitcoin It indicates that there is an upward trend on (BTC).
In a new video, Van de Poppe tells his 162,000 YouTube subscribers that Bitcoin is on the verge of reaching levels that offer accumulation opportunities.
According to the analyst and trader, BTC may start an uptrend later.
Ultimately, Bitcoin is entering a consolidation area here, making it very likely that we will see a retest of $25,600 to $25,800 here. If we are experiencing a retest in this zone, that is the zone where I want to start buying my entries because this retest is the ultimate retest…
NEWS CONTINUES BELOWIf we’re not going to get that, the upside to $26,500 – that’s going to be the area where I think I want to activate my positions as well. Then we can start targeting $28,000 and then start targeting higher numbers, $30,000+ or more in the Q4 projection, which will be very positive overall.
Van de Poppe says BTC’s current price movement is similar to what was witnessed in the previous pre-split year.
“As long as we stay above the 200-week EMA (exponential moving average), we will likely continue on the upside. And it’s starting to look very similar to the period we witnessed in 2015 and 2016. In this case, we needed it, but then we started to consolidate and move up.
“During this period, it is very likely that prices will begin to rise slowly but surely and that there will be an upward trend in the markets in general.”
Koinfinans.com As we reported, Bitcoin is trading at $26,410 at the time of writing this news.