Michael Van de Poppe thinks bitcoin could hit $40K

Well-known crypto trader Michael van de Poppe noticed that the critical price level for bitcoin (BTC) at $27,900 remained intact, prompting the price to skyrocket to $28,700 overnight.

The investor continued the tweet by stating that the current level of consolidation makes it very probable that the bitcoin price will continue to increase over the next few days to reach $30,000.

#Bitcoin follows the path.

Crucial area at $27,900 held and breakout overnight upwards to $28,700.

Consolidation makes it likely that we'll be continuing towards $30,000. pic.twitter.com/0KjNN3lBfX

— Michaël van de Poppe (@CryptoMichNL) April 5, 2023

The trader completed in-depth research for BTC in a video on YouTube. His findings established his upside objective for bitcoin to be between $40,000 and $45,000.