Cryptocurrency, particularly Bitcoin (BTC), is becoming increasingly popular in the financial world. The king of crypto has been seeing some impressive and steady gains recently, bolstered by the positive news that came with the latest US unemployment data.

Michaël Van de Poppe, a well-known crypto analyst, took to Twitter to share his opinion on the relevance of this data for Bitcoin, expressing his belief that the digital asset is currently in a good place and that its price might continue to increase.

Van de Poppe commented that this week’s data was relatively good, notwithstanding some other releases that may not have been as favorable. He further suggested that, as long as BTC’s price remains above the $27,600 support level, there could be a jump to $30,000 in the near future.

The analyst was also very reasonable in his outlook for the weekend period. He stated that crypto traders should expect a quiet weekend on Bitcoin and that the price has remained fairly stable over the past few weeks, indicating that an increase in price should be expected soon.

All in all, the bullish sentiment that analysts like Van de Poppe have expressed could be an indicator of future growth. However, there are no guarantees in the crypto space and traders should always exercise caution and do the appropriate research before making investment decisions.



Other News from Today