Analyst Michaël van de Poppe said, Bitcoin He noted that the fact that the price managed to print a new all-time high above $73,000 before the halving event is a solid signal of strength.
According to Van de Poppe, BTC has the potential to gain close to 4x before reaching the top of a cycle. As a matter of fact, according to the analyst, there is an important resistance that must be overcome first, and overcoming this resistance can make everything better.
As Koinfinans.com reported, Van de Poppe is likely to reach $300,000 by the end of this cycle.
According to Van de Poppe, investors are interested in Bitcoin as well as cryptocurrency It underestimates the potential of the rest of its market. Stating that the price decline in altcoins is an opportunity, the strategist believes that new peaks are possible with the halving.
For example, in the next cycle, sectors such as the Ethereum ecosystem, DePIN (decentralized physical infrastructure networks) and RWA (real world assets) have bullish potential.
DePIN leverages blockchain technology to operate and maintain physical infrastructures such as energy grids, while RWA refers to the tokenization of real-world assets such as stocks, commodities, and real estate.
Van de Poppe also updated his commentary on the TOTAL3 chart, which tracks the market cap of all altcoins except Ethereum (ETH) and stablecoins. TOTAL3 continues to show signs of strength after a weekly close above $700 billion, according to the analyst.
