Crypto Analyst Says People Are ‘Waking Up’ to Digital Assets, Breaks Down Bitcoin and Litecoin Moving Forward
A highly regarded crypto expert believes that people all around the world are beginning to recognize the significance of crypto assets.
Crypto trader Michaël van de Poppe expresses to his extensive Twitter audience of 660,100 followers that the upcoming launch of a Bitcoin exchange-traded fund (ETF) in Europe signifies a growing acceptance and adoption of cryptocurrencies worldwide.
An exchange-traded fund (ETF) for Bitcoin is scheduled to debut in Europe later this month.
Not just the United States is increasing its efforts, but we will also see a long-awaited addition in Europe.
We are increasingly becoming aware of the presence of Cryptocurrency in our lives as we wake up.
Delving further into the dominant digital currency, Van de Poppe predicts that BTC may surge to $38,000.
Bitcoin is currently valued at $30,200 and is expected to begin re-examining its highest trading range.
One more examination and we will experience a speedy surge towards $38,000.
Although acknowledging the possibility of BTC temporarily dropping below $30,000, the trader believes that BTC is on the verge of soaring to new highs, consequently boosting altcoins such as Litecoin (LTC).
Bitcoin poised to soar higher.
Returning to the topic of assistance, all available funds have been utilized (and it is a valid point to mention that if the price declines below $30,000, there is a strong likelihood that it will plummet towards $29,300, although this scenario appears to be widely expected and may not provide significant profit).
Once the price surpasses $30,500, it is expected to rise further to reach its highest range. In this situation, cryptocurrencies like LTC (Litecoin) are projected to experience significant growth.
At the moment of writing, the current price of BTC stands at $30,827, exhibiting a growth of 1.4% over the past week.
Examining LTC, the cryptocurrency expert believes that Litecoin is bound to rise in the near future.
Now, let's move forward with Litecoin.
At the time of composing this blog, the value of LTC stands at $101.58, experiencing an increase of 6.4% over the past 24 hours.
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