Van de Poppe: “If BTC Maintains This Level, It Will Be $28k”

Michael van de Poppe, in a statement to his 647,300 followers on Twitter, says that those who trade against the leading cryptocurrency Bitcoin can trigger a rally towards $28,000.

“People properly eagerly start to short, so cracking $23.2K is inevitably continuation towards $26-28K on the charts. Best and defensive long entry; $21.5K.”

Bitcoin is currently trading at $23,267. It is above the critical resistance level ($23,200) that Van de Poppe mentioned.

The analyst says he is still waiting for a correction to $21,700. However, it also gives the information that there is an increase in Bitcoin transactions. So the momentum here is in favor of BTC bulls.

“Bitcoin persistently keeps the lower end of its trading range. I am still waiting for it to touch $21,700. This is the best place to enter long. But people are so eager to enter the market that we may not see it. So instead of falling, it is heading towards the $26,000-$28,000 region. continues to rise.”

Another popular analyst, Pentoshi, shares similar views on Bitcoin. Correctly knowing the end of the Bitcoin bull market in 2021, the analyst thinks that the rise above $ 23,300 will carry the price of Bitcoin to $ 25,000.