Famous Youtuber and Cryptocurrency analyst Michael van de Poppe said that Bitcoin (BTC) is experiencing a good rise and may reach $ 50,000 in the near future.
Micheal van de Poppe has some recent social media in the shipmentmade a remarkable prediction about Bitcoin. Poppe, who has come to the fore with his bullish-anticipated posts in recent days, stated that the total crypto money market value 200-day moving averages (MA200 and EMA200) over the past few months, and for this reason, Bitcoin will be 40-50 thousand He said that it can reach the dollar level.
crypto market its total value climbed above 200-EMA and 200-MA. Usually, it does not tend to go back to gold. FTX, Voyager, Celsius, LUNA And when everything including 3AC is factored in, it’s a nice rise from $15,000 to $28,500. We will probably continue towards 40-50 thousand dollars in the coming months.
In the continuation of this leap above these moving averages, the analyst said. %one hundredHe predicted that it could be completed with a value increase of . Parallel to this increase in market value With Bitcoin price doubling may result.
On the other hand, the market value reaching the 2017 bull all-time high (ATH) Pointing out that it works as a support, Poppe implied that it will not fall below this level for the short term.
In the last 1 week according to CoinGecko data 0.3% depreciating Bitcoin, at the time of writing 27,965 traded in dollars.
