The content discusses the bullish outlook for Bitcoin (BTC) according to analyst Michaël van de Poppe. Van de Poppe believes that Bitcoin’s ability to maintain support at the 200-week moving average (MA) and the 200-week exponential moving average (EMA) indicates a positive trend. He predicts that Bitcoin could reach a fresh yearly high of $40,000 before experiencing a major correction. However, he also mentions the possibility of a slight dip before the next leg up. At the time of writing, Bitcoin is trading at $30,459. Van de Poppe’s analysis has gained significant attention on Twitter, where he has a large following.
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