Michael van de Poppe is convinced that bitcoin will rise to $ 30,000 in November

Cryptocurrency analyst and founder of Eight, Michael van de Poppe, has shared his forecasts for the future of bitcoin: the expert is convinced that in November, BTC will be trading for $ 30,000.

According to the founder of Eight, bitcoin has been consolidating around $ 20,000 for a long time, so we can expect growth in the near future. «Within two to three weeks, bitcoin will break through several levels. I think we will reach $ 30,000 ,» said Michael van de Poppe.

It is worth noting that over the past 24 hours, the cryptocurrency market has demonstrated a sudden growth: bitcoin managed to rise by 4.83% per day. At the time of writing, the flagship cryptocurrency is trading at $ 20,247. The market capitalization of BTC was fixed at $ 388.12 billion.

Not all analysts share Michael van de Poppe’s opinion about the growth of BTC to $ 30,000 in November, as Peter Brandt predicted that the flagship cryptocurrency would fall to $ 13,000. However, Brandt is convinced that after such a collapse, bitcoin will reach a new historical high. According to the analyst, bitcoin always drops on the eve of any major mark, and this should happen in early 2023. According to Brandt, the US Federal Reserve does not intend to ease monetary policy. Brandt suggested that in order to fight inflation, the Fed will raise the interest rate by another 75 basis points at least twice by the end of 2022.