Bitcoin Boom To $28k Is Around The Corner

There are all kinds of predicitons about the price of Bitcoin these days. Check out the latest reports about all this below.

Popular crypto strategist Michaël van de Poppe believes that Bitcoin (BTC) is gearing up for a burst to the upside as it now trades above a key level.

Van de Poppe said that traders who are betting against the king crypto might provide the necessary fuel for a rally toward his target of $28,000.

“People properly eagerly start to short, so cracking $23,200 is inevitably continuation towards $26,000-$28,000 on the charts.”

While the analyst says he’s still looking for a correction toward $21,700, he acknowledges that Bitcoin trading activity is on the up, suggesting that momentum is on the side of BTC bulls.

“Bitcoin still eagerly holding the levels of the range low. I’m still favoring a sweep of $21,700 as the most optimal long entry, but people are so hyped to get in the markets that, most likely, we won’t get it. In that regard, continuation to $26,000-$28,000 seems likely.”

As the online publication the Daily Hodl notes, crypto strategist Pentoshi also shares the same view on Bitcoin.

The analyst explained the fact that a move above $23,300 will likely propel Bitcoin to $25,000.

“The way I see things right now: *IF* BTC flips $23,300 and ETH flips $1,680, *THEN* we see BTC to $25,000 and ETH with a god candle towards $1,9xx before a major retracement. IF = THEN.”

Cathie Wood’s ARK Invest said recently, as per the Daily Hodl, that the price of Bitcoin (BTC) could exceed $1 million in the coming years amid a strengthening global value proposition.

In a recently published report, ARK Invest said that Bitcoin’s long-term opportunity is on the up and up.

Here’s what the Daily Hodl notes: “The report highlights that Bitcoin’s unique features could offer people a way out of centralized monetary systems “that have failed to provide strong economic assurances.”]”

Check out our previous article in order to learn more details about this.