Analyst Predicts Bitcoin to Rise to $30,000 in November


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Trader and analyst Michael van de Poppe predicted the price of the first cryptocurrency to rise to $30,000 over the next two to three weeks.

Bullish forecasts were supported by an analyst under the nickname TechDev, referring to the Bollinger Bands volatility indicator.

He noted that the price of bitcoin in relation to the Nasdaq index peaked in April 2021. Since then, the indicator has been consolidating, so TechDev expects digital gold to rise.

Earlier, Bitcoin maximalist and founder of MicroStrategy, Michael Saylor, predicted a new all-time high in the price of the first cryptocurrency in the next four years.

In October, Kevin O’Leary, an investor and star of the TV show Shark Tank, said that digital gold quotes will resume growth after the passage of a bill to regulate stablecoins.

That same month, Galaxy Digital founder Mike Novogratz speculated that the bear market could continue for another six months.

Recall that on October 25, the price of bitcoin broke through the $20,000 level after a prolonged period of extremely low volatility.

Most cryptocurrency investors surveyed by MLIV Pulse expect digital gold to trade in the $17,600-25,000 range by the end of 2022.

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