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[aryan4]

Michael van de Poppe said he wanted to see if BTC could stay above $ 47,500. If he can't stay, he points to $ 42,000 to $ 44,000 to seize potential acquisition opportunities.
---- "We bought this area at around $ 47,500 and this is the previous highest value for support… So if we go back, anything between $ 52,000 and $ 53,000 could be a very likely resistance zone. And even if we go above that, below the previous low of $ 55,000 is still a downtrend. "----
What do you think of this prediction?

 

[Niftyicon]

I would like to see bitcoin maintain the $47k price and above, although for the sake of investing, it will be nice for it to go a bit lower. The new week will show what the next level of resistance would be for bitcoin.

 

[achawaskey]

Is still under speculative, but if you ask me I would like it to maintain $47,500 but if there is going to be a support level I would like it to be $44,000.

 

[Wisdom01]

Right now i guess if he wants to purchase i think he should still wait ,because the price is currently uncertain and it might either continue to fall below $45k

 

[Brain]

The price is still going downward spiral at this moment. The current price is $44k which isn't longer that high but I hope it goes up again. Maybe this is a moment of buying more before another bullish run

 

[Wisdom01]

The price is still going downward spiral at this moment. The current price is $44k which isn't longer that high but I hope it goes up again. Maybe this is a moment of buying more before another bullish run

Yeah its an opportunity for them to buy before another strong bullish run of bitcoin, i just he should considers this as well i think , so that the case wont be like telsa own

 

[Brain]

Yeah its an opportunity for them to buy before another strong bullish run of bitcoin, i just he should considers this as well i think , so that the case wont be like telsa own

This will be a good investment move for any long term investor, you get prepared for a good profit making by investing in what will give you some good profit in future

 

[aryan4]

We've come to the price range that the analyst is likely referring to as the buying point. It can be assumed that her predictions so far have come true. Let's see if it will come true in her prediction for the range of 42-44 thousand dollars.

 

[Rollerkid]

Michael van de Poppe said he wanted to see if BTC could stay above $ 47,500. If he can't stay, he points to $ 42,000 to $ 44,000 to seize potential acquisition opportunities.
---- "We bought this area at around $ 47,500 and this is the previous highest value for support… So if we go back, anything between $ 52,000 and $ 53,000 could be a very likely resistance zone. And even if we go above that, below the previous low of $ 55,000 is still a downtrend. "----
What do you think of this prediction?

So if we take this analyst view into consideration we can see bitcoin is now around 47k dollars and that means if it doesn't push to 52k, there is a probability that it might be settling around 44 to 47k.

 

[Josemendez]

Michael van de Poppe said he wanted to see if BTC could stay above $ 47,500. If he can't stay, he points to $ 42,000 to $ 44,000 to seize potential acquisition opportunities.
---- "We bought this area at around $ 47,500 and this is the previous highest value for support… So if we go back, anything between $ 52,000 and $ 53,000 could be a very likely resistance zone. And even if we go above that, below the previous low of $ 55,000 is still a downtrend. "----
What do you think of this prediction?

If he is ready to buy bitcoin and is willing to wait for a long time , then he should buy at price below $50k because it is going to rise.

 

[Rollerkid]

If he is ready to buy bitcoin and is willing to wait for a long time , then he should buy at price below $50k because it is going to rise.

Right now bitcoin just entered 50k dollars again but I also think it's still not too late for any institutional investor to get into the market because in the long term price will surely move very higher.

 

[Josemendez]

Right now bitcoin just entered 50k dollars again but I also think it's still not too late for any institutional investor to get into the market because in the long term price will surely move very higher.

Ofcourse if it breaks the $57k resistance , then we should be prepared to witness up to $70k price in bitcoin. This then will mean massive profit for many people .

 

[Rollerkid]

Ofcourse if it breaks the $57k resistance , then we should be prepared to witness up to $70k price in bitcoin. This then will mean massive profit for many people .

And if it breaks the resistance and push up to the expected $70k, the profit made by then will be for the short term investors and the long term investors might still be pushing towards the higher level like $500k.

 

[aryan4]

The analyst is considered to be a good predictor for now. 42 thousand dollars was tested and then there seems to be a market that does not want to fall below 47 thousand dollars. As she mentioned, around $ 52 thousand seems to be a resistance for now.

 

[Josemendez]

And if it breaks the resistance and push up to the expected $70k, the profit made by then will be for the short term investors and the long term investors might still be pushing towards the higher level like $500k.

If anyone is aiming for$500k , then the person will have to wait long because it is something that will really take time before it is accomplished.

 

[microunit]

If anyone is aiming for$500k , then the person will have to wait long because it is something that will really take time before it is accomplished.

Yep agree, if he/she wants to wait for that long he/she might consider storing his bitcoin on a cold wallet or hardware wallets then storing them in a safe place

 

[Josemendez]

Yep agree, if he/she wants to wait for that long he/she might consider storing his bitcoin on a cold wallet or hardware wallets then storing them in a safe place

Exactly so that it will be safe there , considering the increase in the high rate of scamming in the world . But then I doubt if anyone can be able to wait this long.

 

[Rollerkid]

Exactly so that it will be safe there , considering the increase in the high rate of scamming in the world . But then I doubt if anyone can be able to wait this long.

Depending on the purpose of the investment. Those individual investors that are investing for their unborn children, they can achieve that target if bitcoin is to reach the target.

 

[Josemendez]

Depending on the purpose of the investment. Those individual investors that are investing for their unborn children, they can achieve that target if bitcoin is to reach the target.

Sure. But they also need to monitor the investment in other to know when to withdraw and convert into stable coins . The cryptocurrency world is associated with risks

 

[Rollerkid]

Sure. But they also need to monitor the investment in other to know when to withdraw and convert into stable coins . The cryptocurrency world is associated with risks

That is also true. But if they choose to move their investment to a cold storage or wallet, maybe they might feel it's better over there since the only risk with that might be price fluctuations.