Crypto trader Michaël van de Poppe says that two events could ignite a massive breakout for Bitcoin (BTC).
In a new strategy session, Van de Poppe tells his 161,000 YouTube subscribers that he is watching closely whether BTC can break through key resistance levels.
[adinserter block="1"]“If you look at Bitcoin at this point, it needs to break through this level at $28,800. Once it does, it is going to correct all the way towards $32,000. And then we are on the edge of having a big breakout to the upside because we’re going to have an ETF (exchange-traded fund) being applied to Bitcoin, which is relatively sure. We’re going to have the case of the Bitcoin halving, which is usually a bullish trigger.”
The trader predicts that Bitcoin will flip the $28,600 to $28,800 level into support within two weeks and then test $32,000. He also predicts a massive breakout for the king crypto could start as soon as December.
“In the current price structure, I think the odds of breaking through $28,800 to $28,600 in the next one to two weeks are quite substantial. And once we break through it, I think we’re going to rally all the way towards $32,000, maybe have a correction to $29,000 at some point, and then we start to have the pre-halving around, most likely starting in December, which might push us towards $45,000 to $48,000.”
Bitcoin is trading for $28,704 at time of writing.
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