Bitcoin’s Bullish Momentum: Could $100K Be Reached Within the Next 14 Days?
- Bitcoin’s price surged from $74,434 to $97,938, signaling strong bullish momentum.
- Michael van de Poppe sees Bitcoin reaching $100,000 within 14 days after recent lows.
- The RSI at 65 supports bullish momentum, but the MACD indicates indecision among traders.
Bitcoin has sustained strong momentum, rising from its mid-April level of $74,434 to nearly $97,232 at press time. A sharp 48.40% increase in 24-hour trading volume reflects growing investor interest and supports the potential for further gains.
BTC tests vital price thresholds where $92,000 functions as a support level and $98,000 stands as resistance. A substantial rise above $98,000, backed by intensified trading volume, could propel Bitcoin towards reaching its primary psychological target at $100,000.
Analyst Michael van de Poppe believes Bitcoin has established a price floor at yesterday’s lows, marking the end of a consolidation phase. He suggests that Bitcoin is entering a new growth cycle with strong momentum, potentially breaking above $98,000 and reaching the $100,000 mark within the next two weeks.
The Relative Strength Index shows a value of 65, which indicates a bullish…
The post Bitcoin’s Bullish Momentum: Could $100K Be Reached Within the Next 14 Days? appeared first on Coin Edition.
Read More
Bitcoin’s Bullish Momentum: Could $100K Be Reached Within the Next 14 Days?
- Bitcoin’s price surged from $74,434 to $97,938, signaling strong bullish momentum.
- Michael van de Poppe sees Bitcoin reaching $100,000 within 14 days after recent lows.
- The RSI at 65 supports bullish momentum, but the MACD indicates indecision among traders.
Bitcoin has sustained strong momentum, rising from its mid-April level of $74,434 to nearly $97,232 at press time. A sharp 48.40% increase in 24-hour trading volume reflects growing investor interest and supports the potential for further gains.
BTC tests vital price thresholds where $92,000 functions as a support level and $98,000 stands as resistance. A substantial rise above $98,000, backed by intensified trading volume, could propel Bitcoin towards reaching its primary psychological target at $100,000.
Analyst Michael van de Poppe believes Bitcoin has established a price floor at yesterday’s lows, marking the end of a consolidation phase. He suggests that Bitcoin is entering a new growth cycle with strong momentum, potentially breaking above $98,000 and reaching the $100,000 mark within the next two weeks.
The Relative Strength Index shows a value of 65, which indicates a bullish…
The post Bitcoin’s Bullish Momentum: Could $100K Be Reached Within the Next 14 Days? appeared first on Coin Edition.
Read More