Esteemed cryptocurrency analyst and trader Michael van de Poppe (@CryptoMichNL) took to Twitter this morning to share his insights on the current state of the market leader, Bitcoin (BTC). According to van de Poppe, BTC is gradually making its way up the ladder, focusing on the $28,700 milestone.
According to the trader, BTC’s value is anticipated to surge to new heights around the time of the next FOMC meeting outcome. Following this, van de Poppe predicts that BTC’s value will stabilize and consolidate.
In the interim, KALEO (@CryptoKaleo) shared a sanguine tweet concerning BTC earlier today. The individual posited that BTC’s ascent from $30K to $40K will transpire faster than the majority anticipates.
The analyst’s tweet culminated with a warning that those anticipating a further decline in BTC’s value before investing will be relegated to mere spectators. While his upbeat message garnered some praise, it also drew skepticism and inquiries regarding the rationale behind his prediction. Dylan K (@MightDylanK) was among the users who probed KALEO’s projection for BTC’s price.
A fellow Twitter user, Jason Ness, responded to KALEO’s forecast skeptically, suggesting that the crypto world may not be as straightforward as it seems.
According to the latest update from CoinMarketCap, Bitcoin (BTC) is currently trading at $28,203.27, reflecting a 2.05% surge in the past 24 hours. This upward trend has further bolstered the leading cryptocurrency’s impressive weekly performance, with BTC’s total weekly gain now at a commendable +13.21%.
Currently, BTC is hovering near its 24-hour peak of $28,439.56, while its 24-hour trough is $27,685.22. Despite this, the top dog of the altcoin realm, Ethereum (ETH), has outshone BTC regarding market capitalization. As of now, BTC trails behind the altcoin leader by 1.17%.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
