Crypto trader and analyst Michaël van de Poppe says Bitcoin is about to hit $100,000.
In a series of market updates, Poppe says the original and largest crypto asset will reach the psychological milestone in a matter of days.
“There we go. Bitcoin breaks upwards. Holds the 21-Day MA. Multiple tests of that moving average held as support. Makes constant higher lows higher highs.
It’s quite clear that this is going to run to $100K in the coming week and that dips are for buying. The bull market hasn’t died, it’s about to start.”
BTC has surged from $91,200 to as high as $95,804 in the last 24 hours, landing at 95,455 at time of publishing.
Poppe also likes how altcoins are shaping up, highlighting the price of Optimism (OP).
“Ideally, this is what you’d prefer to see on the Altcoin markets.
A breakout through the 21-Day MA for the first time in six months. Then; a strong retest of the 21-Day MA area to hold. Another new high being created.
That’s the start of a new uptrend, and OP looks like it’s starting one.”
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Featured Image: Shutterstock/Tithi Luadthong