Renowned crypto analyst and trader Michael van de Poppe (@CryptoMichNL) tweeted this morning that the crypto market leader, Bitcoin (BTC), is slowly grinding upwards. In the tweet, van de Poppe stated that his eyes remain fixed on the $28,700 mark.
The trader added that he is expecting BTC’s price to sweep into the high around the time the next FOMC meeting outcome is released. Thereafter, BTC’s price will consolidate according to van de Poppe.
Meanwhile, KALEO (@CryptoKaleo) also posted an optimistic tweet related to BTC this morning. In his tweet, the Twitter user stated that BTC will move from $30K to $40K a lot quicker than most people expect.
The analyst concluded his tweet by saying that people waiting for another dip before buying into BTC will be left “watching from the sidelines.” His optimistic tweet was met with some criticism and questions as to what basis his assumption was made on. Dylan K (@MightDylanK) is one such user who questioned KALEO’s forecast for BTC’s price.
Another Twitter user, Jason ness, downplayed KALEO’s forecast by replying to the tweet with “imagine things are that easy in crypto.”
At press time, CoinMarketCap shows that BTC is trading at $28,203.27 following a 2.05% price increase in the last 24 hours. This 24-hour increase has added to the leading crypto’s already-positive weekly performance, pushing BTC’s total weekly gain to +13.21%.
The price of BTC is currently closer to its 24-hour high of $28,439.56, with BTC’s 24-hour low standing at $27,685.22. BTC has, however, been outperformed by the largest altcoin by market cap, Ethereum (ETH). Currently, BTC is down 1.17% to the altcoin leader.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post Traders Believe BTC Will Continue to Rise in the Coming Days appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
