Prepare! This Crypto Analyst Says Bitcoin Could Enter 40k By The End Of 2023

• A Bitcoin analyst said the crypto community should prepare for BTC ending the year at more than $40k. So, this crypto analyst Michaël van de Poppe made this analysis on his Twitter (now X) account. 

The unpredictability of the crypto market behavior made it quite volatile to jump in from a place of not too good enough knowledge. So, the tides of time have seen the submissions and predictions of Bitcoin whales and juggernauts flushed down by insane waters of market volatility.  

Poppe Thinks Bitcoin Will Hit $40k In Q4

Image from Twitter 

• A person like Michaël van de Poppe, whose track record mostly shows he makes valid submissions and predictions from having critically dissected the market. So, he thinks buying the Bitcoin dip in October is the real deal, as there is a high chance of a bullish run by the end of 2023. These are the words of a celebrated crypto analyst who doubles up as the CEO of MN Trading. 
• He said we’ll see some resets in lower boundaries at $27,000 – $27,500. And that if there is a further exponential bullish run to $30,000, then $40,000 will most likely surface. So, Poppe thought that since 2024 comes with Bitcoin halving, then October is the right time to water the grounds. 

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#Bitcoin back up to $28,400.

From here, it seems like buying the dip is the game.

I'm assuming that we'll see some retests on lower boundaries at $27,000-27,500 before we'll continue, but breaking $30,000 opens the gates to $40,000 really fast.

— Michaël van de Poppe (@CryptoMichNL) October 2, 2023

Other Views In Michaël van de Poppe Submission 

• Poppe made this submission on the 2nd of October in, 2023. He did that on his Twitter handle. So, a vast majority of people who agreed with his submission mentioned Bitcoin’s high by-side liquidity as a factor that would spur a bullish run. There were other countering facts emerging from his post. So, some said Bitcoin pre-halving and other promising signs and positive signals do not completely guarantee an upward price movement. With this, investment diversification is seemingly the safer way to go. 
• Although there’s a bit of skepticism on some traders’ ends, as many felt there’s not a strong chance of seeing Bitcoin price go beyond $27k anytime soon. So, some traders think there must be some strong and fundamental sentiment change for any price increase. 

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I am still very sceptical if we not see prices lower than $27k
We need some strong fundamental sentiment change to keep this level and break through $30k
Currently, people are too much bullish because of month October – just my impression, but we will see

— DZ – Daniel Zirkel (@DanielZirkel) October 2, 2023

Bitcoin Price Update

Image from Coinmarketcap 

• At the time of writing, Bitcoin price is having an impressive shift in the crypto market despite sole declines. So, the price is around $27.4k, and there’s some retracement on the price. 
• This brings the daily decline to more than 1%. However, there’s a weekly increase of more than 4%. So, there’s also a monthly increase of over 6%. All these are according to data from Coinmarketcap. 

Conclusion 

From the beginning of January 2023 to now (October), Bitcoin experienced different market downturns and upward shifts. So, it is fair to say that other traders had different market experiences. Even though the market behavior is the same for all. So, it’s traceable to their wealth of experiences and their respective different margins between their losses and profits.

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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.