Bitcoin (BTC) has been on a strong bullish streak in recent weeks. However, the flagship crypto is struggling to conquer new highs after recently breaking the $28,000 mark. This, while descending from this cape, on certain days. For some analysts, there is no doubt about its next trends.
Bitcoin will continue to rise to $30,000 according to van de Poppe
At the beginning of January, the question that interested analysts regarding bitcoin (BTC) was whether it would be subject to a potential decline. Three months later, the flagship crypto thwarts the forecasts to the point of completely reversing the question. For Michael van de Poppethe answer is yes.
In a tweet he posted on Friday, April 7, the cryptotrader shared his thoughts on the outlook for BTC. The latter should not, according to him, fail to titillate the $30,000 mark in the near future.
For the most part, the conclusions of his analysis are based on recent data on the unemployment rate in the United States. These figures are below forecasts, while being generally more positive compared to other data from the American economy. Enough to bode encouraging expectations for BTC, according to van de Poppe.
“Unemployment data is at 3.5%, compared to 3.7% expected. Good data so far, other data is worse this week, it’s a matter of time. Bitcoin is going up for now, the music keeps playing”said the analyst.
And to add: “Bitcoin remains in a boring mood. It has been consolidating for weeks, as older altcoins are surging. I’m still looking at the support here, through which $27,600 needs to be held. If it’s lost, $25,000-$25,400 seems likely. The maintenance of this support until the NFP [emplois non agricoles] should imply a bitcoin price of $30,000 next.”
In any case, several analysts see in the indecision of bitcoin prices, signs of a possible decline. Perhaps the flagship crypto will still thwart the predictions?
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