Add as a preferred source on GoogleVan de Poppe Ties Bitcoin’s $100,000 Scenario to Two Moving Averages
He also identified consistent closes above about $75,000 and $77,200 as potential near-term bullish signals. Bitcoin had been in correction mode for about six weeks.
Crypto analyst Michaël van de Poppe tied a potential move toward $100,000 to Bitcoin staying above its 200-day moving average and regaining its 21-day average as support, while separately identifying two price levels as near-term signals.
Van de Poppe identified consistent closes above about $75,000 and $77,200 as potential near-term bullish signals. Those price thresholds are separate from the moving-average conditions in his $100,000 scenario.
Bitcoin had been in correction mode for about six weeks. It traded at $74,456, up 0.88% over 24 hours, at 5:20 p.m. ET (22:20 UTC) Nov. 11.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.