A well-known cryptocurrency expert has predicted bitcoin’s behavior for the next week

Renowned cryptocurrency trader Michael van de Poppe has given another forecast for the bitcoin (BTC) exchange rate for the last week of December 2022. He noted that the flagship digital asset will not be very volatile in the near future.

According to van de Poppe, it is extremely important for the bulls to stay above the support level of $ 16,750, which they have been doing quite successfully in recent days. The expert believes that if the trend continues and digital gold quotes do not fall below $ 16,400, it will mean an early breakthrough of the BTC rate to $ 17,400.

However, the analyst expressed confidence that the bitcoin rate will not leave this range by the end of this year and holders should not expect high volatility of the asset.

Two days ago, the expert noted that it is important for traders to keep the BTC rate above $ 16,750 to keep hopes alive for further momentum for the growth of the virtual coin’s quotes. Later, the trader assured that market participants are unlikely to see high activity on New Year’s Day and Christmas, as traders traditionally spend this time with their friends and family.