Article • 12 months ago

Bearish Thesis for Bitcoin Nearly Invalidated As BTC Breaks $31,000, Says Crypto Analyst – Here’s Why

Summary

Bitcoin breaking above $31,000 could invalidate a bearish thesis.
Staying above this level would potentially lead to a breakout and a bullish reversal.

Crypto analyst Michaël van de Poppe predicts a bull market but warns of potential Bitcoin corrections. Altcoin consolidation is important.

Bitcoin enters bull market cycle with potential for significant growth and shifting positions from financial institutions.

Bitcoin's price is expected to surge even higher in the coming weeks with no major resistance in its way. Rapid growth towards $40,000 predicted.

Bitcoin's price could surpass $33,000 soon, as indicated by a bullish pattern on the chart. Analysts predict a strong rally ahead.

Bitcoin analyst predicts price surge beyond $30,000 citing Elliott Wave theory. Anticipates temporary correction before bullish trend.

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