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The renowned crypto trader, Michael van de Poppe, tweeted this morning that he did not trade over this past weekend. In his tweet, van de Poppe added that there are currently continuation plays present on BTC’s chart.
The trader also stated that there may be temporary relief for BTC’s price in the coming days with the recent ‘QE’ and ‘Bailout’ for the banks. There is also potential for good CPI and no more interest rate hikes which may act as fuel for BTC’s price.
Lastly, van de Poppe stated that a break above $21.3k is vital for BTC, and that he will be looking to enter into a long position with the crypto market leader expecting an upside target of $23.7K.
At press time, BTC’s price is up 9.21% over the last 24 hours according to CoinMarketCap. BTC’s recent 24-hour price increase has triggered van de Poppe’s long entry as BTC’s price stands at $22,436.66 at press time. The crypto has also strengthened against the altcoin leader, Ethereum (ETH) by 0.12%.
BTC has made its way onto CoinMarketCap’s trending list over the last 24 hours and currently occupies the number 6 position on the list. BTC’s price has risen 3.42% over the last 30 days and has recovered from its rough week last week – flipping its weekly performance into the green at +0.03%.
The crypto leader’s market cap currently stands at $433,107,938,357. BTC’s dominance has also increased over the last 24 hours by 0.47%. This has taken BTC’s dominance in the market to 42.27% at press time.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.