Bitcoin

<p>The post <a href="https://coinpedia.org/news/crypto-analyst-michael-van-de-poppe-predicts-bitcoin-breakout-to-38-40k-in-december/">Crypto Analyst Michaël van de Poppe Predicts Bitcoin Breakout to $38-40K in December</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Michaël van de Poppe, a noted crypto analyst, has set a positive tone for the upcoming month, signaling a huge upward breakout. He noticed that the critical price level for bitcoin (BTC) at $37,000 remained intact, prompting the price to skyrocket to $38k – $40k in December.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-to-hit-38k-40k-in-dec"><strong>Bitcoin to Hit $38k-$40k in Dec</strong></h2> 
<p>In a recent tweet, renowned cryptocurrency analyst Michaël van de Poppe shared his insights on the current state of Bitcoin, expressing confidence in the cryptocurrency’s upward trajectory.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The theory on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> still stands. <br><br>Upwards trend remains intact, through which the resistance area is getting tested heavily. <br><br>I expect a breakout upwards beginning December to $38-40K if this upwards trend remains valid. <a href="https://t.co/NEZrBngszR">pic.twitter.com/NEZrBngszR</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1726582412963135512?ref_src=twsrc%5Etfw">November 20, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to van de Poppe, the theory of Bitcoin still holds, emphasizing the resilience of the cryptocurrency’s upward trend. Despite testing the resistance area intensively, the overall trajectory remains intact.</p> 
<p>Looking ahead, van de Poppe anticipates a significant breakout for Bitcoin, projecting an upward move beginning in December. He suggests that if the current upward trend persists, Bitcoin could experience a breakout to the range of $38,000 to $40,000.</p> 
<p>However, this positive outlook is based on the idea that Bitcoin’s <a href="https://coinpedia.org/press-release/analyst-bullish-on-btc-tron-everlodge-showcase-bullish-on-chart-movements/">critical support</a> level at $37,000 is holding strong, indicating a potential upward surge.&nbsp;</p> 
<p>So, according to van de Poppe, December could see Bitcoin’s price rising significantly. Now all eyes will be on Bitcoin to see if it aligns with van de Poppe’s predictions.</p>

Crypto Analyst Michaël van de Poppe Predicts Bitcoin Breakout to $38-40K in December

Table of Contents

CoinPedia News

Other articles published on Nov 20, 2023

Revolutionizing the Reel. Blockchain’s Role in Reshaping Media Content Distribution

BNB Reacts Positively After Signals That Binance Will Deal With The US: Bearish Analyst il Capo C...

Analyst Predicts Prolonged Upswings Amid Short-Term Corrections for Altcoins

Bittrex Global to halt all trading in December as closure extends globally

READYgg and Aptos Labs Join Forces to Propel Web3 Adoption

Trading Suspended as Kronos Research Investigates API Key Breach

Join our free newsletter for daily crypto updates!