3 crypto analysts, known for their accurate predictions, have published new analyzes that report that the Bitcoin price will rise in the short term. Michael van de Poppe predicts that BTC will climb to $30,000 in the next few days.
Van de Poppe says Bitcoin price will exceed $30,000
The popular crypto analyst shared a bull scenario in his current BTC analysis, where he reached $ 40 thousand in a few months. According to the tweet, the critical price level of $27,900 was successfully secured, which caused the price of the market leader to surge to $28,700 overnight.
Poppe concludes his analysis by sharing that consolidation at this point will allow the price of BTC to continue rising to $30,000 in the coming days. According to their analysis, Bitcoin bulls may press for higher levels after this level…
The senior trader also shared that Bitcoin will have an opportunity to rise to $ 40 thousand in a few months
In a video analysis uploaded yesterday by Van de Poppe, the upside target for BTC has been updated to the $40,000-45,000 range. In his analysis, Van de Poppe shared that he believes the Dollar Index will experience a strong correction in the coming weeks, which will be bullish for higher-risk assets like crypto and BTC.
The analyst also stated that BTC will have a window of several months to recover before experiencing a correction and then continuing the rally. Van de Poppe justified this statement by stating that the window will only exist until the Fed achieves a pivot in monetary policy, which he believes will happen in a few months, as the rate-raising phase is nearing the end.
Dave the Wave says Bitcoin price could reach $200,000
A popular crypto analyst who accurately predicted Bitcoin’s 2023 comeback is mapping the next bull run he predicted for the end of 2024. Dave the Wave is known for using logarithmic growth curves that plot Bitcoin’s long-term price action by predicting the highs and lows of multi-year market cycles. We have included the analyst’s accurate predictions in this article.
In his current analysis, Dave the Wave shared the bullish scenario where the Bitcoin price will reach $ 200,000. According to their analysis, “December has traditionally been a good boom month, so this peak will be ranked by the end of the year. I don’t know if the price can reach the top of that channel or not. That’s why I’m thinking about $180,000.”
Dave the Wave says that he usually does not try to buy short-term movements of BTC, but rather relies on the long-term cycles of the LGC channel between the lower and higher. Currently, BTC is exiting the “buy zone” on the LGC chart.
Jan van Eck says Bitcoin (BTC) will enter major multi-year bull cycles
VanEck CEO Jan van Eck predicts that both gold and Bitcoin (BTC) will likely enter major multi-year bull cycles. In a new interview with CNBC, he predicted that economic conditions will increase the value of gold and Bitcoin, which many investors see as a hedge against depreciating currencies.
The analyst also says that U.S. banking problems have already led to an increase in value for both assets. He adds that the Fed will probably have to stop its rate hikes to keep inflation down due to its negative effects on the economy.
The CEO of VanEck, which has $69 billion in assets under his management, says gold and Bitcoin are gaining in value for the same reasons. Investors turn to these assets to hedge their portfolios. cryptocoin.comAs you follow, finance writer Robert Kiyosaki has similar expectations for gold and BTC.
Fed could be the main catalyst
Finally, Jan van Eck predicts that once the Fed stops raising interest rates and starts lowering them, the value of Bitcoin will only rise as more liquidity enters the markets. In the interview, he said, “At some point, the Fed will start this loosening cycle and you will want it in your portfolio. There may be pullbacks in the short term and it could be a flat year for this asset as well. But I think it can be quite exciting when the cycle returns.”
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