Bitcoin is on the rise after a tumultuous period in 2022. The cryptocurrency broke slightly above the $25,000 mark on February 16. Michaël van de Poppe predicts continued growth for the bitcoin price. He urges investors to ignore the SEC’s regulatory concerns, which portends an upward trajectory for bitcoin.
Bitcoin resists external pressures
Bitcoin has shown resilience despite external obstacles. As the SEC continues to persecute companies in the crypto sphere, bitcoin has managed to surge above $25,000. This is a six-month high.
This dramatic rebound is a sign of unwavering investor confidence in bitcoin and a testament to its resilience in an ever-changing market.
Bitcoin, which had experienced a period of weakness after the collapse of FTX, has been able to overcome external pressures. Since the FTX affair, bitcoin has risen over 40%. Investors are now eager to see how far this recovery can go.
According to the crypto analyst Michael van de Poppethe SEC’s crackdown has dealt a blow to the entire crypto ecosystem.
Despite this, he advises traders not to get overwhelmed by events and to stay focused on the Bitcoin price, rather than the context. Indeed, van de Poppe predicts that the bullish trend of BTC will continue and that the cryptocurrency will soon see an increase of more than $10,000.
Bitcoin price forecast: between optimism and caution
Van de Poppe joins a growing group of cryptocurrency experts who foresee the continued adoption of bitcoin despite regulatory and economic pressures.
However, expert opinions differ. Faced with this recent rise, some keep positive forecasts for bitcoin while others no longer believe in it.
Plan B, a quantitative analyst, predicts that bitcoin will hit $42,000 in the near future. On the other hand, other experts, such as Il Capo of Cryptoremain skeptical of Bitcoin’s current growth.
No one can say for sure what the future of the cryptocurrency market will be like. But one thing is certain: the market is constantly changing, and investors must be ready for anything.
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