Despite Bitcoin’s poor performance in the past few months, future prospects remain bullish, as a crypto analyst predicts Bitcoin to reach $30k in the next month.
It is needless to state that the world’s premier cryptocurrency has remained stagnant during the past 30-days period. In the meantime the coin has seen an insignificant change of +1.2%. Notably, Bitcoin is continuously stuck below $20k since October 7th.
As per the crypto analyst Van de Poppe, the Bitcoin is finally going to break the shatters in the coming week. With the return of volatility, Bitcoin is predicted to reach $30k in the next month, by Poppe. It is an increase of 35% from the current level. Sighting ‘Price vs. NASDAQ peaked at BTC’s last impulse top in April 2021 and has been consolidating during the 1.5 year correction’, Poppe projected that Bitcoin is expected to move upwards in the coming future.
Price vs. NASDAQ peaked at BTC’s last impulse top in April 2021 and has been consolidating during the 1.5 year correction.
— TechDev (@TechDev_52) October 24, 2022
Poppe opined that Bitcoin will breakout significantly in the next 2 to 3 weeks, as a result of which the mentioned $30k mark will be achieved. Poppe’s projection well passes that of Capo of Crypto, who predicted Bitcoin to reach $21k in the coming months. Capo tweeted early Saturday that Bitcoin may reach $21k in the ongoing week as he stated with demand increasing, the market is looking good for a leg up in which there will be higher highs and lower lows.
Market looking good for a last leg up. Higher highs and higher lows on ltf and demand being moved up.
We could see 21k this week.
— il Capo Of Crypto (@CryptoCapo_) October 24, 2022
As for Bitcoin’s long-term prospects, analysts, as always, remain very bullish. An Analyst Pseudonymously named ‘Lepard’, predicted in a recent podcast that Bitcoin will reach $2 million by the year 2028.
Moreover, analytics firm Glassnode also recently gave its word on Bitcoin’s current standing as it stated that Bitcoin’s flows from exchanges to hodlers’ wallets are at an all time high.