Esteemed cryptocurrency trader, Michael van de Poppe, took to Twitter this morning to reveal that he refrained from trading over the weekend. In his tweet, van de Poppe also highlighted the presence of continuation plays on BTC’s chart.
According to the trader, there could be a glimmer of hope for BTC’s price shortly, thanks to the recent ‘QE’ and ‘Bailout’ for the banks. Moreover, there’s a possibility of a positive CPI and a halt on interest rate hikes, potentially boosting BTC’s value.
In conclusion, van de Poppe emphasized the critical importance of a price breakthrough above the $21.3k mark for Bitcoin. As a seasoned market analyst, he intends to seize the opportunity of a long position in the cryptocurrency market leader, with a bullish outlook that anticipates a potential upside target of $23.7k.
As per the latest update, CoinMarketCap reports a remarkable 9.21% surge in BTC’s price over the past 24 hours. This impressive price hike has prompted van de Poppe’s long entry, with BTC’s current price at $22,436.66. Moreover, the cryptocurrency has also exhibited a 0.12% strength against Ethereum (ETH), the leading altcoin in the market. These developments have certainly caught the attention of investors and traders alike.
Bitcoin (BTC) has secured a spot on CoinMarketCap’s trending list, sitting comfortably at number 6. The leading cryptocurrency has demonstrated a steady growth rate of 3.42% over the last 30 days, bouncing back from a challenging week and achieving a weekly performance of +0.03%. This positive development showcases BTC’s resilience and highlights its potential as a reliable investment option for those seeking stability in the ever-evolving crypto market.
The market capitalization of the top cryptocurrency leader currently stands at an impressive $433,107,938,357. Moreover, Bitcoin’s dominance has experienced a significant surge of 0.47% within the last 24 hours, elevating its market dominance to a substantial 42.27% as of press time.
