Bitcoin to print a new ATH in the coming 2-3 weeks, following in gold’s footsteps: Analyst
Crypto analyst Michaël Van de Poppe predicts that Bitcoin is on the right track to reach a new summit of all time in the following 2-3 weeks, after the high performance of gold.
In his recent PublishCrypto analyst Michaël du Poppe projected this Bitcoin (BTC) is likely to print a new record of all time in the next 2-3 weeks. Drawing comparisons with the solid performance of Gold, Van de Poppe is optimistic that Bitcoin will follow suit.
Gold has been in tears lately, going beyond its top of all time at the end of January. His momentum was impressive, the active acting substantial gains in the first days of February, reflecting the 2.2% gains he made the previous week. From now on, gold is negotiated above $ 2,900 per ounce, according to GoldPrice.org. If he holds this level, he will mark his seventh consecutive week of price appreciation.
Bitcoin-Or correlation
The two active ingredients have demonstrated models correlated in the past, which has probably influenced Van de Poppe’s projection for a new ATH. However, Bitcoin has remained relatively stable recently, entering an accumulation phase, while gold has regularly trendy.
Recently Daink analyst noted This trend, noting that, although Gold has pushed new peaks, Bitcoin has not yet followed its traces. However, Daink suggests that Bitcoin has historically tended to make up for gold after such cutouts, which means that the BTC could be ready to catch up soon. Thus, Van de Poppe’s prediction can be achieved at the end.
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