Michael Van de Popp: "Bitcoin is preparing for an explosive party" – Bits Media

The popular cryptocurrency analyst shared with his 662 000 subscribers on Twitter an opinion on the imminent growth of the cost of bitcoin. The expert tried to choose the upcoming phenomenon a bright image.

Michael Van de Popp (Michael van de Poppe) stated, that the fall of the BTC below $ 29,700 indicates the continuation of the accumulation and consolidation of the first cryptocurrency on the hands of investors. but, The analyst thinks, After overcoming this psychologically important level, Bitcoin may well start the next growth cycle. And for this there are reasons:

“Bitcoin's explosive party will begin after a breakthrough $ 29,700. Until then, we are still in the consolidation phase. Exchange funds will be launched soon, And it will be a big event, which will shift the market. Bake the fall of bitcoin and broadcast for all the money, which you can invest ".

Recently Michael Van de Popp said, that traders should not expect a new BTC fall to $ 12,000 in front of the next bull rally - now the cost of bitcoin is and so attractive is so quite attractive. The analyst compared the first cryptocurrency with the real estate market and said, that buying bitcoins will always be justified.