Michaël van de Poppe, a noted crypto analyst, has set a positive tone for the upcoming month, signaling a huge upward breakout. He noticed that the critical price level for bitcoin (BTC) at $37,000 remained intact, prompting the price to skyrocket to $38k – $40k in December.
Bitcoin to Hit $38k-$40k in Dec
In a recent tweet, renowned cryptocurrency analyst Michaël van de Poppe shared his insights on the current state of Bitcoin, expressing confidence in the cryptocurrency’s upward trajectory.
According to van de Poppe, the theory of Bitcoin still holds, emphasizing the resilience of the cryptocurrency’s upward trend. Despite testing the resistance area intensively, the overall trajectory remains intact.
Looking ahead, van de Poppe anticipates a significant breakout for Bitcoin, projecting an upward move beginning in December. He suggests that if the current upward trend persists, Bitcoin could experience a breakout to the range of $38,000 to $40,000.
However, this positive outlook is based on the idea that Bitcoin’s critical support level at $37,000 is holding strong, indicating a potential upward surge.
So, according to van de Poppe, December could see Bitcoin’s price rising significantly. Now all eyes will be on Bitcoin to see if it aligns with van de Poppe’s predictions.
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