Bitcoin Price Could Soon Go Up

It’s been just revealed that the price of Bitcoin could soon reach its highest peak. Check out the latest prediciotns about this below.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $26,909.

A widely followed crypto analyst thinks Bitcoin (BTC) is back on its way up after gaining only 1% over the past seven days.

Crypto trader Michaël van de Poppe said that Bitcoin’s time is now.

“Time to go up with Bitcoin.”

Elaborating further shortly after, Van de Poppe says his prediction is based on BTC’s reclamation of $27,200.

“Reclaim of Bitcoin at $27,200 happened.

Make a higher low here and we’ll be going towards $29,000.”

Regarding the king coin, Van de Poppe also breaks down the altcoin dominance chart, a measure of the strength of all other crypto tokens besides Bitcoin.

He also stated the following:

“I’ve been following this chart for a while and marked that level at 8.20-8.65% as a potential support for altcoins.

Altcoins bottom out one year before the halving. That’s approximately right now.

Good bounce and a potential weekly bullish divergence start to pop up.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $26,874.

Accoridng to the latest reports, it seems that a really popular crypto strategist says that Bitcoin (BTC) could take off next month as a result of one catalyst.

The anonymous host of InvestAnswers said recently that a historical bull signal is on the verge of occurring again.

According to the trader, when Bitcoin’s realized price (RP) crosses above the long-term holder realized price (LTH RP), the crypto king tends to fly.

Stay tuned for more news from the crypto space and make sure to check out the crytpo markets as well.