While reaching a tentative agreement in the debt limit talks in the US has allowed Bitcoin and altcoins to rise, investors are wondering if this rise will continue.
At this point, Bitcoin analysis came from crypto money analyst Michael van de Poppe, who is closely followed by investors.
Stating that BTC looks great at these levels, the analyst said that it means that Bitcoin will probably continue upwards.
Poppe made the following statements in his post:
“Bitcoin looks great at these levels, which means we will likely continue upwards.
I expect an exit from here towards $30,000 and most likely towards $32,500-34,000.
At this point, I'm looking for long positions in Bitcoin between $27,300-$27,500."
#Bitcoin looks great here, which means that we'll most likely continue upwards.
My long did great, full TP taken.
Looking for swing longs at the $27,300-27,500 area from here towards $30,000 and, most likely $32,500-34,000. pic.twitter.com/youfUCtQ2a
— Michaël van de Poppe (@CryptoMichNL) May 29, 2023
Stating that lower levels can be tested in Bitcoin in the past days, Poppe argued that $ 26,000 can be broken in BTC.
Pointing out that investing in BTC would be risky in his sharing, Poppe said that a clear upward deviation should be expected for entry into BTC.
Believing that this bullish divergence has come in the current situation, Poppe stated that $27,300-$27,500 is ideal for long-term positions in BTC.
*Not investment advice.
