A widely followed crypto analyst thinks Bitcoin (BTC) is back on its way up after gaining only 1% over the past seven days.
Crypto trader Michaël van de Poppe tells his 656,900 Twitter followers that Bitcoin’s time is now.
“Time to go up with Bitcoin.”
Elaborating further shortly after, Van de Poppe says his prediction is based on BTC’s reclamation of $27,200.
“Reclaim of Bitcoin at $27,200 happened.
Make a higher low here and we’ll be going towards $29,000.”
Source: Michaël van de Poppe/Twitter
BTC is trading for $27,140 at time of writing.
In relation to Bitcoin, Van de Poppe also breaks down the altcoin dominance chart, a measure of the strength of all other crypto tokens besides Bitcoin. According to the analyst, altcoins are likely reaching the bottom
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