Michaël van de Poppe, one of the leading analysts in the cryptocurrency world, excited investors with a promising analysis of the Bitcoin (BTC) market. Van de Poppe stated that he expects an increase in the price of Bitcoin before the halving event, which is planned to take place in April. The analyst made statements that this rise could be a harbinger of an exciting period among the cryptocurrency community.
Bitcoin’s recent performance offers investors the opportunity to consider various scenarios and develop strategies. Based on his own analysis, Van de Poppe stated that Bitcoin could fall below $41,000, but there could be a significant recovery after this drop. In particular, the point that the analyst points out is that Bitcoin has the potential to rise to $ 300,000 with an increase of 630% after this decline.
Based on graphic analysis to predictions According to Van de Poppe, Bitcoin may currently fall just below $40,000 and then rise to $45,500.
Bitcoin is trading at $42,830 at press time. On the other hand, the analyst thinks that in the long run, the approval of spot Bitcoin exchange-traded funds (ETFs) in the US will have a positive impact.
“Bitcoin ETF has provided a negative return from the beginning. Bitcoin ETF generated huge net inflows in the first few days. More than $600 million on the first day.
NEWS CONTINUES BELOWThe real impact of the ETF will be seen over the next few years. A mega rise event.”
A bullish season potentially on the way will likely be the last “easy” cycle for Bitcoin and other crypto assets, according to Van de Poppe.
“This cycle will likely last a little longer, go much further than anticipated, and change many lives. That’s great, but it won’t always stay that way. Take these profits.”
According to his predictions based on chart analysis, van de Poppe predicts that Bitcoin could currently fall just below $40,000 and then rise to $45,500. However, these analyzes emphasize that investors need to be careful and cautious, given that the cryptocurrency market is extraordinarily volatile.
You can follow the current price movement here.