A popular cryptocurrency analyst shared his opinion with his 662,000 followers on Twitter about the imminent growth in the value of bitcoin. The expert tried to pick up a vivid image of the upcoming phenomenon.
Michael van de Poppe said that the fall of BTC below $29,700 indicates continued accumulation and consolidation of the first cryptocurrency in the hands of investors. However, the analyst believes that after overcoming this psychologically important level, Bitcoin may well begin another growth cycle. And there are reasons for this:
Recently, Michael van de Poppe said that traders should not expect another drop in BTC to $12,000 before the next bullish rally – now the price of bitcoin is already attractive enough. The analyst compared the first cryptocurrency with the real estate market and said that buying bitcoins will always be justified.
Source: Cryptocurrency
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