‘Very Likely’ Bitcoin Has Kicked Off Uptrend to New All-Time High, Says Crypto Trader – Here Are His Targets
A widely followed crypto analyst believes that the last escape from Bitcoin (BTC) is the beginning of a greater upward trend that will lead to new heights of all time.
In a thread, Crypto Trader Michaël Van de Poppe tell Its 784,400 subscribers on the X social media platform that Bitcoin will probably consolidate for a certain time in the range of $ 90,000 before continuing.
“Solid upward trend, break $ 87,000 and we will test $ 92,000 to $ 94,000 for Bitcoin. This is what we see right now. It is the area for a short -term top and a certain consolidation (between $ 93,500 and $ 95,250).
Bitcoin is negotiated at $ 93,608 at the time of the editorial staff, up slightly during the day.
Then the analyst said that the pair Ethereum / Bitcoin (ETH / BTC) shows an increased divergence on the daily graphic.
A bullish divergence, which suggests that the price will start to increase, occurs when the price of assets records lower stockings while the indicators, such as the relative resistance index (RSI), an indicator of Momentum oscillator, attend higher stockings.
“A potential optimistic divergence on ETH. Over the lower time: to recover in the range against Bitcoin. The day when gold provides a wick and seems likely to have reached a short -term peak. As long as it contains about 1,820 SAT, I think we will attack 2000 SAT in the coming days.”
ETH / BTC is negotiated at 0.01918 BTC ($ 1,793) at the time of writing, up 1.75% in the last 24 hours.
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