Top analyst’s Bitcoin price outlook for the next week

  • The next week will be critical for BTC, crypto analyst Michael van de Poppe says.
  • Bitcoin price could see a new uptrend if BTC can break out after a successful retest of the 200-day moving average.
  • However, if BTC fails to break above this level, it could fall to past recent lows, with the key target at $25k or lower.

Bitcoin’s price has struggled to reclaim support above $28,000 and is currently facing fresh downside pressure just above the $27k level.

While the price is looking for a successful retest and bounce from a key technical level, bulls could be left battling a deeper correction if prices break lower from this level, which one analyst has highlighted as a likely make or break scenario for BTC this coming week.

Bitcoin price: analyst says next week could be crucial

Market events next week could have an impact on Bitcoin price, with crucial economic data and events to watch out for including US GDP revisions, minutes of the last FOMC meeting and the…

Read more…