Bitcoin Price Explosion to $50,000 Likely Says Top Crypto Trader – Here’s His Prediction

A popular crypto analyst is forecasting huge gains for King Crypto Bitcoin (BTC) in the coming months.

Top analyst Michaël van de Poppe tells his 652,500 Twitter followers that BTC is looking good compared to the 200-week exponential moving average (EMA) and 200-week moving average (MA).

“Total crypto market cap is above 200-EMA and 200-MA.

Usually it doesn’t come back down.

All in all, including FTX, Voyager, Celsius, LUNA and 3AC, we went from $15,000 to $28,500.

We’ll probably go up to $40,000-$50,000 in the coming months.”

Source: Michael van de Poppe/Twitter

However, Van de Poppe says that as of this writing, BTC is looking for lows before it can go long, making altcoins like Ethereum (ETH) better bets at this point.

“Bitcoin is looking for the lows and therefore we will probably be looking for longs.

Altcoins & Ethereum are stronger in this phase.”

Source: Michael van de Poppe/Twitter

Van de Poppe says BTC is right below its main resistance level for now – $28,600.

“The $28,600 price level for bitcoin remains a resistance.

With this current structure, you would like to see a wave of support again.

This level is at $27,600.

If that continues and we get back on our feet, the continuation will continue until either $27,600 or $28,600 is retested.”

Source: Michael van de Poppe/Twitter

The trader zooms in on BTC’s chart and says we’ve yet to see what BTC will do next.

“Let’s see, Bitcoin.”

Source: Michael van de Poppe/Twitter

Bitcoin is worth $28,191 at the time of writing, just below the resistance level highlighted by Van de Poppe.

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