Crypto analyst Michaël van de Poppe predicts bitcoin to rise to $30 000 in November

The expert suggests that the value of the first cryptocurrency will rise over the next 2-3 weeks

26.10.2022 - 09:00

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The material is not an investment recommendation and is published for information purposes only.

What’s new? Cryptocurrency analyst and trader Michaël van de Poppe believes that bitcoin“will break out significantly” in 2-3 weeks. In his opinion, the price of the first cryptocurrency will go up and may reach the $30 000 mark. The expert reported this on October 25 on his Twitter account. On October 26, 08:30 UTC, BTC is trading at $20 331, having gained 5,42% in 24 hours, according to the Binance exchange.

Within 2-3 weeks, #Bitcoin will break out significantly. My take is the upside.My guess is probably $30K.— Michaël van de Poppe (@CryptoMichNL) October 24, 2022

What predictions have been made previously? In September, Michaël van de Poppe spoke about the level at which bitcoin should be held to avoid a further drop in price. In his opinion, it is the $19 300 mark, and if the asset does not hold there, it could fall to $18 500-17 500 and set new lows.

Since September, the maximum mark was reached on the 13th — $22 799 for 1 BTC. The local low was $18 125, it was recorded on September 21.

Almost half of the professional investors surveyed by Bloomberg believe that bitcoin will continue trading in the range of $17 000 to $25 000 until the end of this year, although back in July respondents predicted a drop in the price of the asset to $10 000.

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