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Bitcoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/bitcoin/bitcoin-price-prediction-btc-price-all-set-to-surge-above-40k-in-coming-months/">Bitcoin Price Prediction: BTC Price All Set To Surge Above $40K in Coming Months</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Prominent cryptocurrency analyst and trader, Michaël van de Poppe, has expressed his bullish outlook on Bitcoin (BTC), forecasting a potential surge in the leading cryptocurrency’s price. He is well known for his substantial following on YouTube and believes Bitcoin has the potential to rally by over 30%, reaching a new high of $41,000 in 2023.&nbsp;</p> 
<p>Van de Poppe in his latest Youtube <a href="https://www.youtube.com/watch?v=YyNZRGotAlM">video</a> emphasizes the importance of Bitcoin establishing a clear higher high to sustain its current upward trend. Utilizing the Fibonacci extension tool, which analyzes past corrective movements, he identifies potential price targets. Based on this analysis, he sees a possibility for Bitcoin to rally toward the $41,000 level.</p> 
<h2 class="wp-block-heading" id="h-what-next-for-bitcoin-price">What Next For Bitcoin Price?</h2> 
<p>He further outlines two potential scenarios for Bitcoin’s next course of action.&nbsp;</p> 
<p>In this scenario, Bitcoin surpasses the recent highs of around $31,500, which acts as a critical resistance level. Following the breakout, Bitcoin may experience a temporary pullback and consolidation phase before initiating a new rally. This consolidation allows the market to stabilize and potentially gather more bullish momentum.</p> 
<p>Alternatively, Bitcoin could consolidate in the near term without breaking the recent highs. However, after this consolidation phase, Bitcoin may experience a rapid acceleration in the coming months, surpassing previous highs, including the $42,500 level.&nbsp;</p> 
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 <p><strong><em>“So in that case we can start looking at a rally towards $41,000.”</em></strong></p> 
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<p>Presently, Bitcoin is trading at $30,737, and his analysis suggests the potential for significant progress in the cryptocurrency’s price.</p> 
<p>Based on the analysis of renowned analyst Michaël van de Poppe, Bitcoin has the potential for a substantial rally, with a projected price target of $41,000. However, the price predictions are speculative and do not guarantee specific results. Investors should exercise caution and evaluate many criteria before investing.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin Price Ready For $40K! The Ultimate Bitcoin Trading Strategy&nbsp;|&nbsp;CryptoMichNL" width="1220" height="686" src="https://www.youtube.com/embed/YyNZRGotAlM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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Bitcoin Price Prediction: BTC Price All Set To Surge Above $40K in Coming Months

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