Cryptocurrency trader Michaël van de Poppe recently express his opinion on the future of Bitcoin (BTC). He says that BTC is above its 200-week moving averages and exponential moving averages, making a bullish sentiment for it in the coming months. He predicts that BTC will experience growth from its current price of $15,000 to $40,000-$50,000, but expects to see it searching for lows before making its move. At present BTC is barely below the $28,600 resistance point, needing to make a sweep in the support at $27,600. With no clear direction up or down, Van de Poppe notes that only by watching BTC closely can one make more accurate predictions on where it is going.

Van de Poppe recommends traders focus on cryptocurrencies other than BTC, such as Ethereum (ETH) at this stage, as they provide a better value addition. He believes that altcoins are overall currently performing better compared to BTC. While it is uncertain as to whether BTC would fall back beneath its 200-week moving averages, the bullish sentiment it holds on the market indicates that the digital asset is likely to go up in the near future. The crypto analyst also warns against trading without proper caution, as market movements can be difficult to predict.

All things considered, BTC is likely to reach the lofty heights of $50,000 in the coming months, as Van de Poppe predicts, as long as it does not fall back beneath its 200-week moving averages. As always, traders need to play with caution, as the market is unpredictable and prices are liable to fluctuate in any direction.



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