Will Bitcoin (BTC) Price Hit $20K Or $40k ? Michael Van De Poppe Maps Bullish an

[Coinpedia Fintech News]

Michael Van De Poppe, an analyst, has provided insights into the recent drop in Bitcoin’s price from the $30k levels. He also noted that Bitcoin and Ethereum are currently in a consolidation phase and emphasized that hype-driven events are crucial for both coins to sustain their bullish trend.

Poppe said that $47k is the next crucial level for Bitcoin if it breaks above the $30k level. The analyst said that as long as Bitcoin stays above $25.4k there is a likely case of continuation taking place on the trend (bullish).

After that, one can expect Bitcoin to rise to $41k to $47k levels. If Bitcoin is going to have a breakdown beneath $25k, it will as a result be going to bring the prices back down towards $20K again or 19k.