Cryptocurrency analyst Michael van de Poppe pointed to $600 thousand after the spot Bitcoin ETF approval.
Price from analyst Michael van de Poppe after the US Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded fund (ETF) applications target came.
Poppe in the new cycle that Bitcoin is in 300 thousand to 600 thousand dollars He stated that he was targeting the on the other hand 36 thousand 40 thousand dollars Stating that a possible decline in the dollar band would be a great buying opportunity, the analyst nevertheless argued that at the end of the day, ETF approval would create serious buying pressure.
In the image he shared parallel to his post $51,200 level Marking it as the top of the upward wave we are in, the analyst warned investors about possible corrections:
$48k has been reached, perhaps we can retest above the rate today with deal flow on ETF approval for Bitcoin. If we see a drop to the 36-40 thousand dollar band, this will be a great opportunity. It seems possible that we will reach 300-600 thousand dollars in this cycle.