The post Altcoin Poised For Immense Rally, As Bitcoin In Consolidation Phase, Aiming For $70k appeared first on Coinpedia Fintech News
Cryptocurrency markets are showing signs of continued consolidation as seen in the weekly candlestick chart, causing BTC to move slowly. Meanwhile, renowned crypto analyst Michaël van de Poppe is predicting that Bitcoin could surpass $70,000 next week. As of now, Bitcoin is trading at $67,100 and up by 4.8% in the past 24 hours.
Bullish Outlook For Bitcoin
Analyzing the weekly candle patterns across various cryptocurrency markets van de Poppe reveals a notable trend of consolidation. Van de Poppe expects bitcoin prices to test the $70,000 price level by next week. This optimism is driven by strong market momentum and increased investor confidence.
Looking at the weekly candles across the markets, it seems like we’re relatively bottoming out for most of the #Altcoins.
I think it’s also likely Bitcoin tests $70K upcoming week, including a l
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