Bitcoin’s staggering rise to $25k has taken the crypto world by storm, and top expert Michael van de Poppe, who has been bullish on the king coin since the year started, has released a new prediction on when the coin will hit $30,000.
Will Bitcoin Price Hit $30K In the Coming Week?
Michael has guaranteed that the period of time spanning from March to June would be a feast of Bitcoin (BTC). Even if the industry expert anticipates that there will be some leveling down throughout the course of this month, he is certain that the price of the king coin will reach $32,000 by the 15th of March.
Bitcoin’s value as of this writing is $23,757, and Michael says that it’s normal for the token to backtrack a bit after it hits the resistance level of $25k. He recommends keeping an eye on $22.8K as a crucial support to sustain, and after that, we’ll be making HL’s again for the continuation of the upward trend.
According to the expert, market corrections in cryptocurrencies tend to be rather brief, particularly in bullish markets. When the market has tested higher time frame levels, it will often go up in price.
Lately, there has been a rise in the demand for Bitcoin as a result of Bitcoin’s price appreciation after investors overlooked what seemed to be a governmental crackdown in the United States and CPI statistics, along with Ethereum and a wide variety of other cryptocurrencies. A large number of members of the trading and investing communities are positive about bitcoin.
Bitcoin has a fixed quantity on the market, and its price will be set by a combination of supply and demand for the cryptocurrency. With the recent price increase of the token, the rising trend of the asset was followed by a number of other cryptocurrencies and altcoins, particularly those with significant market capitalization. Ethereum (ETH) is worth $1,689 at the time of writing and BNB is worth $310.
Source: https://coinpedia.org/price-analysis/bitcoin-staggering-rise-to-25k-top-expert-predicts-whether-30k-is-on-the-horizon/