The crypto market continues to rally this week, following a great weekend for digital assets’ prices. Check out the latest reports about the price of the king coin.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $17,431.
2 triggers could take BTC to $30k
According to the latest reports, it seems that the popular crypto analyst Michaël van de Poppe says he’s looking at two macroeconomic catalysts that could ignite a strong Bitcoin (BTC) surge to $30,000.
The crypto strategist said that Bitcoin has been gearing up to surge in price as of late and that a big bounce is in the cards.
“The odds of a relief rally have been increasing recently, and I think it looks good.
All need to be fueled by inflation dropping more than anticipated and the potential pause of hikes.
That will give the relief of Bitcoin towards $30,000ish.”
More optimistic predictions about BTC are out
A popular crypto analyst known for calling the 2021 Bitcoin (BTC) collapse thinks the king crypto is on track to break through its “longer-term diagonal of resistance.”
Pseudonymous trader Dave the Wave said recently that a “technical move over the next month or two” could possibly be sufficient to break that resistance.
Could a technical move over the next month or two be sufficient to break the longer-term diagonal of resistance?
On track so far…”
Dave the Wave also believes that it’s important to pay attention to the time Bitcoin has spent below the weekly Gaussian channel. Gaussian channels are momentum indicators that can be used to identify price tops and bottoms.
“Periods of time BTC price has been below the weekly Gaussian channel. Nothing too drastic here…”
Stay tuned for more news, and make sure to check out the crypto market as well.