{"id":34072,"date":"2020-12-28T10:44:09","date_gmt":"2020-12-28T08:44:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34072"},"modified":"2025-08-28T16:56:52","modified_gmt":"2025-08-28T13:56:52","slug":"analyst-the-next-impulse-could-push-bitcoin-above-40-000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analyst-the-next-impulse-could-push-bitcoin-above-40-000\/","title":{"rendered":"Analyst: the next impulse could push Bitcoin above $40 000"},"content":{"rendered":"<p>Mika\u00ebl van de Poppe believes that the price of the first cryptocurrency could reach $40 000. According to the analyst, for a new powerful rally a break above the key resistance at $25 800.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> breaking upwards even more as it\u2019s approaching my second Fibonacci point of interest around $25,800.<\/p>\n<p>The higher we go, the higher the next impulse move will bring us.<\/p>\n<p>If $25,800 is this temporary top, next impulse could bring <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> towards $40,000+. <a href=\"https:\/\/t.co\/CrcrUwVLXN\">pic.twitter.com\/CrcrUwVLXN<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1342843428904853506?ref_src=twsrc%5Etfw\">December 26, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;Bitcoin is ripping higher as it approaches the second Fibonacci level around $25 800. The higher we go, the higher the next impulse move will lift us. If this temporary top is $25 800, the next impulse could push BTC above $40 000.&#8221;<\/p>\n<\/blockquote>\n<p>Bitcoin&#8217;s weekend rise cleared the key resistance level identified by Micha\u00ebl van de Poppe at $25 800.<\/p>\n<p>Early on December 27, the price of the first cryptocurrency continued to rise and <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-breaks-through-the-28000-level\">took<\/a> a new all-time high of $27 500. At 11:05 UTC on the same day, Bitcoin breached a new record level of $28 000.<\/p>\n<p>Analysts see several reasons for Bitcoin&#8217;s move higher. One is the growth of institutional interest in the crypto market over the year.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">and institutions are embracing <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a href=\"https:\/\/t.co\/v9jN3iYClY\">pic.twitter.com\/v9jN3iYClY<\/a><\/p>\n<p>\u2014 skew (@skewdotcom) <a href=\"https:\/\/twitter.com\/skewdotcom\/status\/1343138014919348225?ref_src=twsrc%5Etfw\">December 27, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;In 2020, unlike 2017, retail interest in cryptocurrencies did not grow. Instead, institutional participation has risen,&#8221; note Skew analysts.<\/p>\n<\/blockquote>\n<p>Guggenheim Partners, which manages assets of more than $200 billion, <a href=\"https:\/\/u1f987.com\/en\/news\/wall-street-giant-bets-500m-on-grayscale-bitcoin-trust\">announced<\/a> its intention to direct part of its portfolio into Grayscale&#8217;s Bitcoin Trust.<\/p>\n<p>Later, assets under management by the Grayscale fund <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-managed-crypto-assets-rise-430-in-11-months\">rose<\/a> by 430% over 11 months. The total value of cryptocurrency assets under Grayscale&#8217;s management reached $16.4 billion.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mika\u00ebl van de Poppe believes that the price of the first cryptocurrency could reach $40 000. According to the analyst, for a new powerful rally a break above the key resistance at $25 800 would suffice.<\/p>\n","protected":false},"author":1,"featured_media":34073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1138],"class_list":["post-34072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34072"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34072\/revisions"}],"predecessor-version":[{"id":34074,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34072\/revisions\/34074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34073"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}