Famous crypto expert Michaël van de Poppe thinks Bitcoin (BTC) are not at risk of a sudden collapse in the coming months.
From Poppe they tell us His 821,000 followers on X that the top crypto economy and market cap are showing signs of increasing bullish market structure and think Bitcoin will try to break the main level of resistance at $88,000, with an increase of 9% from its current price.
“There is no reason to expect Bitcoin to crash, for nothing.” There is consensus that we are in a bearish flag and that we should see $50,000 by the end of this year. How is it? the decline after that began to have the same strength of 2018. We touched $ 3,300, but of course we see the reasons for the decline.
The price of Bitcoin is performing above the 21-Day MA, (moving average) it is clear that it is supporting you and there are clear signals to come, while the Nasdaq remains strong as it is. The next resistance level is between $85,000-$88,000. “
Bitcoin is trading at $80,492 at the time of writing, down 1.5% in the last 24 hours.
Analyst too predict a major breakout of altcoins, meaning that the digital economy will benefit from increased market capitalization and increased revenue from Bitcoin’s profits.
“There are a lot of things coming for altcoins. Most of them have never moved against BTC. Almost nothing. Usually, this move is violent and fast. It is not slow because the hype lasts for a long time. That is why you stop before the move instead of moving.
We are in a phase where altcoins are trending upward with strong 20%+ days in between (this is mostly due to technical failures or shutdowns). We’ll see more in the next month or two, before we start making more plans. When Bitcoin goes up, altcoins will have more power. “
Follow us X, Facebook and Telegram
Don’t Miss Out – Sign up to receive email notifications straight to your inbox
Swimming Daily Hodl Mix
 
Disclaimer: The views expressed in Daily Hodl are not financial advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any assets including cryptocurrencies, nor is The Daily Hodl a financial advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image Created: Midjourney
