Crypto trader and analyst Michaël van de Poppe says Bitcoin is on the verge of reaching $100,000.
In a series of market updates, Poppe says say the original and largest crypto asset will reach the psychological milestone in a few days.
“Here we go. Bitcoin breaks to the upside. Holds the 21-day MA. Multiple tests of that moving average are held as support. Constantly makes higher lows, higher highs.
It’s pretty clear that this will reach $100,000 in the next week and dips are for buying purposes. The bull market is not dead, it is about to begin.”
BTC has risen from $91,200 to $95,804 in the past 24 hours, reaching 95,455 at the time of publication.
Poppe also likes how altcoins are taking shape, highlighting the price of Optimism (OP).
“Ideally, this is what you would most like to see in the Altcoin markets.
Breakthrough of the 21-day MA for the first time in six months. Than; a strong retest of the 21-day MA area. A new high is created again.
That’s the start of a new upward trend, and OP seems to be starting one.”
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Featured image: Shutterstock/Tithi Luadthong