Mish Schneider expects “some profit” if Bitcoin hits just under $40,000

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June 30, 2023 8:30 a.m. | 2 minute read

Financial expert Michele Schneider discussed the reasons for her bullish outlook on Bitcoin (CRYPTO:BTC) on Monday.

What happened: In an interview with CNBC, Schneider was asked about Bitcoin’s target price.

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She said, “Right now, I think our next target is around $38,000 to $39,000. So, just under $40,000, which would be another major psychological area for him to profit so well if he does.

Schneider acknowledged the positive technical indicators that were present even before the influx of mass adoption announcements, such as the Fidelity news. She said: “One of the reasons is purely technical factors even before the mass adoption announcements we were getting from Fidelity.

Bitcoin managed to hold around the $24,000-$25,000 mark, which caught Schneider’s attention.

More: A Stay at the Floating Palace of James Bond’s Octopussy

Why it matters: Schneider thinks Bitcoin could get more and more intriguing throughout 2023 and into 2024.

She added I think it’s very bullish long term and may take a bit of a lead now but we thought by the end of the year and in 2024 bitcoin could be something very, interesting again , especially since the general public might feel more comfortable trading it now through an ETF rather than opening a crypto wallet.

Michele Mish Schneider currently serves as the Director of Market Research and Education at MarketGauge.com.

Price Action: At the time of writing, BTC was trading at $30,846, up 1.55% in the last 24 hours, according to Benzinga Pro.

Read more: Bitcoin, Ethereum, Dogecoin Trade Mixed As ETF-led rally stalls: Analyst predicts strong July for King Crypto amid fading crypto death fears

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