Bitcoin Price to Surge Over 50%: Here’s the Timeline!

• Michael van de Poppe, a renowned cryptocurrency expert, has predicted that Bitcoin could surge to $40,000 by June 2023.
• Technical analysis reveals rising selling pressure, as indicated by the RSI and MACD indicators.
• If Bitcoin surpasses the $23,200 level, it may reach as high as $23,500.

Michael van de Poppe Predicts Bitcoin Price To Surge More Than 50%

Cryptocurrency expert Michael van de Poppe has reemphasized his prediction of an imminent massive surge for the leading cryptocurrency Bitcoin. Currently trading above a crucial level of $22,726 and with increased trading activity in Bitcoin signaling a growing momentum in favor of bulls, Van de Poppe believes that breaking through the resistance level of $23,200 will drive the price to reach up to $40k by June 2023.

Technical Analysis

With a market capitalization of $438.2 billion and technical analysis revealing rising selling pressure indicated by RSI and MACD indicators, there is potential for Bitcoin’s price to fall below its current level and experience a further decline to an estimated target of $22,100. The 50-day exponential moving average suggests that bitcoin may face resistance near $23,250 despite the overall bullish trend.

Potential For A Drop To Extract Liquidity

Van de Poppe acknowledges that there is potential for a drop to extract liquidity but believes this could provide a favorable buying opportunity if it does occur. As such investors should keep an eye on any potential pullback from current prices as it could be indicative of an upcoming surge higher towards the predicted levels.

Trading Volume & Market Capitalization

Bitcoin currently has a trading volume of $40.7 billion and has experienced a 2% decrease in value over the past 24 hours. With its position as number one cryptocurrency maintained due to its market capitalization at $438.2 billion investors should take note of these key figures when considering investing into this asset class moving forward.


Overall sentiment surrounding Bitcoin remains positive despite some short term volatility being seen recently with Van de Poppe predicting an imminent surge above $40k if certain conditions are met over the coming months indicating growth within this asset class going forward potentially providing lucrative investment opportunities for those who take advantage early on