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Bitcoin has surpassed $30,000 for the first time in two months, following reports that several giant companies are applying for a spot Bitcoin ETF in the US.
According to cryptocurrency analyst Michaël van de Poppe, Bitcoin is expected to see some consolidation shortly after hitting above $30,000.
Van de Poppe's analysis suggests that Bitcoin could test resistance around $30,000 before stabilizing and leading to a rally in altcoins. He also does not foresee a big drop below $28,000 in the short term.
Van de Poppe explained his thoughts as follows:
“I expect to see consolidation relatively soon.
I think we'll get past the $30,000 and sweep the hills and calm down.
I don't expect a major correction, probably a low of $28,000 and then altcoins will accelerate until the new momentum starts.”
#bitcoin# #BountyCreator #contentcreator