Prominent analyst Michaël van de Poppe is also bullish on Bitcoin. Earlier today, he gave a bold Bitcoin price prediction, injecting more positivity into the community. The analyst acknowledged that the BTC price has faced a dip. But he believes that the price correction is over. He supported his claim by mentioning that the macroeconomic season is starting with PMI data.
The S&P Global PMI is one of the most important market-moving economic indicators. It covers more than 30 developed and developing economies across the globe. Michaël van de Poppe concluded by saying that he is expecting that Bitcoin will perform an ATH test in the next two to four weeks.
Meanwhile, Bitcoin is currently trading at $66,857, with a slight increase of 0.56% in the last 24 hours. The coin has slightly recovered from recent losses, where it went near the $65,000 range. It appears that a broader recovery is in the cards for BTC, especially considering the 16.34% rise in trading volume today. Overall, analysts are anticipating a new all-time high in the coming weeks.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
