After holding a notable rally during the previous day’s trading, the Bitcoin price corrects slightly, falling more than 4%. While the trading volume remains relatively high, the possibility of further selling pressure on the token from the first hours of training.

However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that BTC prices can still reach $30,000 in the near future.

The BTC price is expected to fall back to the $17,500 and $17,700 range after hitting the monthly highs of $18,000. From these levels, the star crypto is likely to rally high, breaching key resistance levels at $18,300.

“We get a drop from $17,500 to $17,700. That is the range where you want to start buying, and then we can look at the continuation. By the time we break above the crucial resistance, which is the $18,300 area, we go back into this range and most likely start to get overshot pretty quickly…so I am definitely looking at a continuation to $21,000 here. Even greater potential.”

He believes that Bitcoin can rally to $45,000 as market conditions ease to some degree, similar to what happened in 2019.

“We are entering a stage where we will most likely get a continuation of risk assets. We’ve got the bear market relief rally, we’ve got a stage like we’ve been seeing in 2019. And that’s why you can start building your portfolio and you can start accumulating even more. So if we get such a rally, let’s say towards $35.00, $40,000, $45,000. I think it will go over $30,000, that will really give you an incredible opportunity.”



This post Bitcoin Is About To Slice $30,000-Micheal Van De Poppe

was published first on https://coinpedia.org/price-analysis/bitcoin-is-on-the-verge-to-slice-through-30000-micheal-van-de-poppe/

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