Analyst predicts Bitcoin to reach $30,000 in coming weeks

Trader and analyst Michaël van de Poppe forecast Bitcoin’s price to rise to $30 000 within the next two to three weeks.

Within 2-3 weeks, #Bitcoin will break out significantly.

My take is the upside.

My guess is probably $30K.

— Michaël van de Poppe (@CryptoMichNL) October 24, 2022

«In two to three weeks, Bitcoin will make a significant breakout. My bet is on the upside. Probably $30 000», — wrote Michaël van de Poppe.

Bullish forecasts were supported by the analyst under the handle TechDev, citing the volatility indicator Bollinger Bands.

He noted that Bitcoin’s price relative to the Nasdaq index hit a peak in April 2021. Since then the indicator has been consolidating, so TechDev expects a rise in digital gold.

$BTC / $NASDAQ weekly Bollinger Bands are the tightest in #Bitcoin‘s entire history.

Price vs. NASDAQ peaked at BTC’s last impulse top in April 2021 and has been consolidating during the 1.5 year correction.

Expect upside break and strong #Bitcoin outperformance soon. pic.twitter.com/IIMbuWE684

— TechDev (@TechDev_52) October 24, 2022

Earlier, Bitcoin maximalist and MicroStrategy founder Michael Saylor predicted a new all-time high for the price of the leading cryptocurrency within the next four years.

In October, investor and Shark Tank star Kevin O’Leary said that digital gold will resume growth after the passage of a bill regulating stablecoins.

In the same month, Galaxy Digital founder Mike Novogratz said that the bear market could continue for another six months.

In October, the price of Bitcoin breached the $20 000 level after a prolonged period of extremely low volatility.

Most MLIV Pulse cryptocurrency investors surveyed expect that by the end of 2022 digital gold will trade in a range of $17 600–25 000.

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