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Bitcoin Price To Hit $25k, Altcoins Going Strong- Is The Crypto Space Finally Recovering? – Coinpedia – Fintech & Cryptocurreny News Media

Bitcoin Price To Hit $25k, Altcoins Going Strong- Is The Crypto Space Finally Recovering? – Coinpedia – Fintech & Cryptocurreny News Media

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Well-known crypto analyst and trader Michael Van De Poppe has presented his analysis of the cryptocurrency market and its current development.

Poppe tells his 626,100 followers on Twitter that in the same way that Bitcoin is known for its volatile price increases, altcoins are likely to follow the same path, soon enough.

Bitcoin (BTC) analysis

An analyst says that over the past 12 hours, Bitcoin price action has shown tremendous volatility with a trade of nearly $2,000. However, he tries to ease his followers and keep them away from making wrong decisions by telling them that such instability is normal and that they need to be patient.

In his previous strategy session, Van de Poppe predicted that if the price of Bitcoin moves above $20,000, the flagship currency will easily reach the $23,000 and $25,000 price range after that.

Bitcoin is currently priced at $21,489 after a 3.86% increase in the last 24 hours. Therefore, the analyst is optimistic that his prediction may turn out to be true as he sees that BTC has made good lows, has retested and even the candles are only showing strength. Another indicator is that the US dollar index is falling.

Bitcoin Price $25,000?

In addition, the analyst claims that if this continues, the price of Bitcoin will rise to $21,500, consolidate, and then the currency will take back $20,000 and continue moving towards the $23,000 and $25,000 area.

Van de Poppe also talked about altcoins and says that when Bitcoin claims to rise, the dollar loses value. He pointed out that altcoins follow the king currency; A BTC breakout indicates a good, positive price move for all assets.

Chainlink (LINK) and Cosmos (ATOM)

The analyst decided to discuss two specific coins - Chainlink (LINK) and Cosmos (ATOM).

Regarding Chainlink (LINK), he says the currency looks strong at the moment and will soon see a massive bull run.

For ATOM, the analyst claims that the coming month will be volatile and has seen a jump of around 20% in the last 24 hours.

Van de Poppe's observation did not end there.

He also talked about the crypto market as a whole (TOTAL) and says it is at a crucial stage. He then says that TOTAL may have bottomed out and if it hasn't, the entire market may be under threat.

In his analysis, he says that the crypto market is at the 200-week moving average and is holding strongly to it; this could be a good catalyst for the space.

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