$28,500 is an excellent level for opening longs before the Bitcoin price continues to move towards $40,000. Michael van de Poppe, the founder of the Eight trading platform, shared this opinion.
#Bitcoin looking at this scenario.
I think, $28,500 is a great spot for longing, the lower the better, but I think that’s the zone where you want to get it before we’ll continue to $40,000. pic.twitter.com/5ZmHWU9qg6
— Michael van de Poppe (@CryptoMichNL) June 22, 2023
According to him, levels below $28,500 are even more preferable for opening long positions.
Van de Poppe noted that the digital gold dominance index is approaching significant resistance. In his opinion, this will lead to the consolidation of bitcoin and the switching of market attention to altcoins.
In May, van de Poppe urged investors to “take” the money out of the banks and invest it in hard assets like precious metals, bitcoin and other cryptocurrencies.
Earlier, the founder of MicroStrategy, Michael Saylor, predicted a multiple growth of digital gold due to regulation. In his opinion, the actions of the SEC lay the foundation for the next bullish phase.
Source: bitcoinlinux.com
