Michael Predicts BTC to Hit $25K as Long as It Stays Above $22K
- Michael van de Poppe tweeted that the markets are currently in an upside correction.
- The trader stated that BTC’s price will rise to $25k again if it is able to defend the $22k level.
- In related news, the market leader’s price has dropped 2.10% over the last 24 hours.
Renowned crypto trader and analyst, Michael van de Poppe tweeted today that “the markets are still having a regular correction inside an uptrend”. In the tweet, van de Poppe added that as long as the price of Bitcoin (BTC) remains above $22K, then it would be fair to expect the market leader’s price to target $25K again in the coming weeks.
BTC’s price has fallen 2.10% over the last 24 hours according to CoinMarketCap. As a result, the crypto’s price stands at $23,886.03 at press time. Despite the 24-hour drop, the market leader’s weekly performance remains in the green at +0.56%.
Looking at the 4-hour chart for BTC/USDT it could be seen that the price of BTC has dropped below the 9 and 20 EMA lines on the chart. As a result, BTC’s price has entered into a short-term bearish cycle.
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