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 tells 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.”
At time of writing, 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 acknowledges that 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 propel Bitcoin to $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.”
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Bitcoin Boom to $28,000 Incoming – If Top Crypto Can Stay Above This Line: Analyst Michaël van de Poppe appeared first on The Daily Hodl.
