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Michaël van de Poppe: Bitcoin targets $ 12,000

Tuesday, 16 June 2020

The Bitcoin exchange rate pushed off support at the level of $ 9,000 and, according to the popular cryptocurrency analyst Michael van de Poppe, is preparing for growth to $ 12,000.

As an analyst on the social network Twitter emphasized, it was extremely important for the "bulls" that the rate of the first cryptocurrency should not be fixed below $ 9,000. At the time of publication, bitcoin is trading at $ 9,500, which means it has re-entered the channel. Van de Popp expects that the BTC will soon break through resistance at $ 10,500 and reach $ 12,000.

The colleague was supported by the founder and director of information technology of the Ikigai Asset Management fund Travis Kling. He reminded investors that it takes time to make a profit on Bitcoin. Historically, the first cryptocurrency allowed patient investors to enrich themselves.

"A lot of folks have been asking why BTC isn't higher right now. If you own #Bitcoin, just be patient. BTC has historically transferred wealth from impatient hands to patient. Just be patient. Central banks are doing all the leg work for you as we speak. Just be patient,"
Kling wrote.

A lot of folks have been asking why BTC isn’t higher right now.

If you own #Bitcoin, just be patient.

BTC has historically transferred wealth from impatient hands to patient. Just be patient.

Central banks are doing all the leg work for you as we speak. Just be patient.
— Travis Kling (@Travis_Kling) June 16, 2020

Recall that on June 11, one of the largest financial conglomerates in the world, JPMorgan issued a report according to which Bitcoin was the most stable asset during the global financial crisis in March.