- Michaël van de Poppe revealed that BTC is facing a pivotal resistance level.
- According to the analyst, BTC could surge to between $40K and $45K in the next few weeks.
- Van de Poppe also named LINK, ARB, and SEI as promising altcoins to watch in the short term.
Renowned cryptocurrency trader and analyst Michaël van de Poppe shared in his latest video that Bitcoin (BTC) is currently facing a “pivotal resistance” level. According to the analyst, there is some “serious momentum” as a result of the exchange-traded fund (ETF) hype, which could see the market leader rise to as high as $40K-$45K.
Van de Poppe did warn that there is a bearish divergence on BTC’s chart. He did, however, mention that he is not too worried about a BTC correction currently. Until the cryptocurrency starts printing lower lows, there may be no reason for concern, added the analyst.
He also stated that there is a clear upward pattern on BTC’s charts, given that it has printed higher lows and higher highs over the past few weeks. Should the leading cryptocurrency rise to between $40K and $45K, then he anticipates a correction down to $39K around the halving event next year in …
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