🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

BTC’s Price Has Triggered a Renowned Trader’s Long Entry

Published 03/13/2023, 06:50 AM
Updated 03/13/2023, 07:00 AM
© Reuters.  BTC’s Price Has Triggered a Renowned Trader’s Long Entry
ETH/USD
-

  • Michael van de Popped tweeted that his upside target for BTC is $23.7K.
  • The trader shared that BTC breaking above $21.3K will be vital.
  • BTC’s price has broken the trader’s long entry target and is trading at $22,436.66 at press time.

The renowned crypto trader, Michael van de Poppe, tweeted this morning that he did not trade over this past weekend. In his tweet, van de Poppe added that there are currently continuation plays present on BTC’s chart.

The trader also stated that there may be temporary relief for BTC’s price in the coming days with the recent ‘QE’ and ‘Bailout’ for the banks. There is also potential for good CPI and no more interest rate hikes which may act as fuel for BTC’s price.

Lastly, van de Poppe stated that a break above $21.3k is vital for BTC, and that he will be looking to enter into a long position with the crypto market leader expecting an upside target of $23.7K.

At press time, BTC’s price is up 9.21% over the last 24 hours according to CoinMarketCap. BTC’s recent 24-hour price increase has triggered van de Poppe’s long entry as BTC’s price stands at $22,436.66 at press time. The crypto has also strengthened against the altcoin leader, Ethereum (ETH) by 0.12%.

BTC has made its way onto CoinMarketCap’s trending list over the last 24 hours and currently occupies the number 6 position on the list. BTC’s price has risen 3.42% over the last 30 days and has recovered from its rough week last week – flipping its weekly performance into the green at +0.03%.

The crypto leader’s market cap currently stands at $433,107,938,357. BTC’s dominance has also increased over the last 24 hours by 0.47%. This has taken BTC’s dominance in the market to 42.27% at press time.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post BTC’s Price Has Triggered a Renowned Trader’s Long Entry appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.