According to Michaël van de Poppe, the cryptocurrency needs to overcome the $30 300 mark for further growth

Crypto analyst outlined likely scenario for the growth of the bitcoin rate

03.06.2022 - 16:15


2 min

What’s new? Crypto trader and analyst Michaël van de Poppe said that bitcoin needs to overcome the $30 300 price level to continue moving towards $31 800. He wrote about this on Twitter.

What is the situation with BTC? Bitcoin is back in 10th place on the list of the world’s most valuable assets, which includes 6 265 commodities and companies. It is dominated by gold, Apple, and Saudi Aramco, with a combined value of $86,51 trillion.

As of June 3, 14:45 UTC, BTC is trading at $29 503, down 1,35% in 24 hours, while adding 1,43% over the week, according to Binance. BTC has a market capitalization of $560,38 billion.

What events happened before? On May 27, Celsius Network CEO Alex Mashinsky said that he believed the cryptocurrency market would recover soon. He stressed that even inflation was not a long-term problem for digital assets. He also believes that a rebound in the cryptocurrency market will occur over the coming weekend and continue into next week.

For other experts’ negative predictions on bitcoin price movements, see GetBlock Magazine’s article.


Tatiana Darda Tatiana Darda

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