Michael van de Poppe would prefer bitcoin to hold at $28 900: this will give the coin the momentum to overcome the $30 500 milestone.
Despite the fluctuations in the value of BTC in recent months, the trader suggested that the cryptocurrency still has the potential to grow.
The exchange rate may be strongly influenced by the information about employment in the U.S. and any other economic factors, according to the analyst.
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Van De Poppe believes bitcoin has the potential to grow to the $40 000 and even $45,000 limit.
In the coming weeks, the U.S. dollar index will face a strong correction, which will stimulate the growth of high-risk assets, including bitcoin and other cryptocurrencies.
According to the trader’s calculations, bitcoin growth will last a few months, after which there will be a period of correction, and then the market will again enter a bullish rally.
Van De Popp believes “this window” will hold until the U.S. Federal Reserve changes monetary policy. For example, in a few months, when the phase of rising interest rates is nearing its end, Van De Popp suggests.
The cryptoanalyst speculated in March that ether will soon break $1,850 resistance and rise to $2,000..
Van De Popp recently commented on the outlook for the AVAX token, saying that keeping the coin above the $16.85 mark is important for further growth.