Michaël van de Poppe, a popular trader and analyst, believes the price of Bitcoin will soar to $30,000 over the next two to three weeks.
According to him:
"Within 2-3 weeks, Bitcoin will break out significantly. My take is the upside. My guess is probably $30K."
This bullish forecast has been supported by analyst TechDev, who has referred to the Bollinger Bands volatility indicator.
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According to him, the price of Bitcoin relative to the Nasdaq index peaked in April last year. Since then, the indicator has been consolidating, which is the reason why TechDev expects the Bitcoin price to rise.
Bitcoin maximalist and MicroStrategy founder Michael Saylor has previously predicted the Bitcoin price will reach a new high within the next four years.