$28,500 is an excellent level for opening longs before the Bitcoin price continues to move towards $40,000. Michael van de Poppe, the founder of the Eight trading platform, shared this opinion.
#Bitcoin looking at this scenario.
I think, $28,500 is a great spot for longing, the lower the better, but I think that’s the zone where you want to get it before we’ll continue to $40,000. pic.twitter.com/5ZmHWU9qg6
— Michael van de Poppe (@CryptoMichNL) June 22, 2023
“Welcome to a new bull cycle”said the expert.
According to him, levels below $28,500 are even more preferable for opening long positions.
Welcome in the bull cycle!
— Michael van de Poppe (@CryptoMichNL) June 22, 2023
Van de Poppe noted that the digital gold dominance index is approaching significant resistance. In his opinion, this will lead to the consolidation of bitcoin and switching the market’s attention to altcoins.
#Bitcoin dominance approaching next point of resistance, while #Bitcoin reaches the next point of resistance as well.
probably #Bitcoin will start to consolidate, so #altcoins have some period of relief approaching and can pick up pace. pic.twitter.com/5oxf75gorA
— Michael van de Poppe (@CryptoMichNL) June 22, 2023
Recall that in May, van de Poppe urged investors to “take” money from banks and invest it in hard assets like precious metals, bitcoin and other cryptocurrencies.
Earlier, the founder of MicroStrategy, Michael Saylor, predicted a multiple growth of digital gold due to regulation. In his opinion, actions SEC laying the groundwork for the next bullish phase.
Found a mistake in the text? Select it and press CTRL+ENTER
ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!
.