Analyst puts Bitcoin price at $30,000 next month with breakout expected
There is every reason to be bullish on BTC on shorter time frames as months of volatility compression look on the point to stop.
Market news
Bitcoin (BTC) will “explode significantly” next month, with a target upside of $30,000.
That was the latest prediction from Michaël van de Poppe, founder and CEO of trading company Eight.
November Price Target Analyst: "I'm guessing it's probably $30,000"In a tweet on October 25, Van de Poppe joined a growing number of analysts providing bullish BTC price predictions.
BTC/USD is currently marked by a clear lack of volatility, but there are signs that the sideways trend is due to a major upheaval.
Bitcoin's Bollinger Bands against the Nasdaq are the tightest in history, popular analyst TechDev and others have confirmed in recent days, all guaranteeing an explosive move ahead.
"Price against NASDAQ peaked at BTC's last impulsive peak in April 2021 and consolidated during the year-and-a-half correction," he wrote in the commentary:
“Expect a breakout to the upside and a strong outperformance of Bitcoin soon.”
BTC vs Nasdaq Annotated Chart with Bollinger Bands . Source: TechDev/TwitterFor Van de Poppe, upside potential is a more attractive bet than further bearish behavior, with BTC/USD expected to rise up to 35% in the coming weeks.
“Within 2-3 weeks, Bitcoin will break out significantly. My opinion is positive,” he said:
"I guess it's probably $30,000."
Such a breakout would exceed famed Crypto pundit Il Capo’s relief rally target, that being said
There is every reason to be bullish on BTC on shorter time frames as months of volatility compression look on the point to stop.
Market news
Bitcoin (BTC) will “explode significantly” next month, with a target upside of $30,000.
That was the latest prediction from Michaël van de Poppe, founder and CEO of trading company Eight.
November Price Target Analyst: "I'm guessing it's probably $30,000"In a tweet on October 25, Van de Poppe joined a growing number of analysts providing bullish BTC price predictions.
BTC/USD is currently marked by a clear lack of volatility, but there are signs that the sideways trend is due to a major upheaval.
Bitcoin's Bollinger Bands against the Nasdaq are the tightest in history, popular analyst TechDev and others have confirmed in recent days, all guaranteeing an explosive move ahead.
"Price against NASDAQ peaked at BTC's last impulsive peak in April 2021 and consolidated during the year-and-a-half correction," he wrote in the commentary:
“Expect a breakout to the upside and a strong outperformance of Bitcoin soon.”
BTC vs Nasdaq Annotated Chart with Bollinger Bands . Source: TechDev/TwitterFor Van de Poppe, upside potential is a more attractive bet than further bearish behavior, with BTC/USD expected to rise up to 35% in the coming weeks.
“Within 2-3 weeks, Bitcoin will break out significantly. My opinion is positive,” he said:
"I guess it's probably $30,000."
Such a breakout would exceed famed Crypto pundit Il Capo’s relief rally target, that being said
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