Michael van de Poppe: Where will cryptocurrency No 1 price go in 2021?
Michael van de Poppet, a trader at the Amsterdam Stock Exchange, believes bitcoin will appreciate in the long term. In his opinion, the key price levels that the cryptocurrency may overcome in the foreseeable future are $53,000 and $63,000. If we talk about a short-term correction, the expert believes that investors will actively buy the cryptocurrency No 1, if it will be in the price range of 47.5 to 48.4 thousand dollars.
If cryptocurrency No 1 is still able to go below $47,500, then Bitcoin will then test the “bottom” around $ 38,000. The trader also has a positive attitude towards Ethereum. According to his estimates, the altcoin could potentially be within $ 4,000 to $ 5,000 as early as this summer.
Cryptoquant data on crypto exchanges’ reserves show that the flow of bitcoins to trading platforms has now decreased by almost half compared to the level of early February. This suggests that there is not a big trend among investors to fix profits, even despite the fact that at the end of February 18 bitcoin once again updated the historical high, rising to 52.547 thousand dollars.
Former White House Communications Director Anthony Scaramucci joined the optimists about bitcoin. Speaking on CNBC he said that “I look to the future and see a good chance that bitcoin will be able to beat the $100,000 level by the end of this year. Billionaire Tim Draper points out that bitcoin’s capitalization has already reached one trillion dollars and believes it will continue to grow.
