Heena Kousar
New member
Weeks after Bitcoin bulls struggling with $20,000 range, the king of crypto has regained its next crucial level of $21,000 mark. This implies that investors have spiked buying pressure which might boost the price further. Coinpedia mentions about the famous crypto analyst and trader Michael Van De Poppe, who informs his followers that Bitcoin is in a favourable condition for a bull rally.
The analyst claims that the flagship currency will soon notice a jump of 40%. Poppe states that in the coming weeks, the currency will surge towards the $30,000 range. As per his analysis, Bitcoin will move towards $22,500 and the currency will mildly fall back before reaching the $30,000 mark. He adds this will be the opportunity to invest.
Referring to Coinpedia's article, on Friday, November 4, the United State Department of Labor released the stats of unemployment which has raised by 0.2% hitting 3.7% in the month of October 2022. Therefore, the analyst is of the opinion that Bitcoin will watch an elevated volatility. Furthermore, he also says that if he goes for long, he will be targeting $20,300 mark. He ends his analysis with a statement that states, if Bitcoin flips its movement, there will be a huge volatility which will observe trade opportunities.
The analyst claims that the flagship currency will soon notice a jump of 40%. Poppe states that in the coming weeks, the currency will surge towards the $30,000 range. As per his analysis, Bitcoin will move towards $22,500 and the currency will mildly fall back before reaching the $30,000 mark. He adds this will be the opportunity to invest.
Referring to Coinpedia's article, on Friday, November 4, the United State Department of Labor released the stats of unemployment which has raised by 0.2% hitting 3.7% in the month of October 2022. Therefore, the analyst is of the opinion that Bitcoin will watch an elevated volatility. Furthermore, he also says that if he goes for long, he will be targeting $20,300 mark. He ends his analysis with a statement that states, if Bitcoin flips its movement, there will be a huge volatility which will observe trade opportunities.
