Popular Analyst Made a Record Prediction for Bitcoin Before Halving, Pointed to This Date for the Altcoin Rally!

Largest cryptocurrency Bitcoinhas witnessed tumultuous price changes in recent times.

BTCrose above $48,000 and soon fell to the $41,000 level.

While these volatile movements in BTC are enough to make investors nervous, Popular analyst Michael van de Poppe claimed that, contrary to the recent price decline, BTC will experience a major rise right before the halving event.

Arguing that there may be a bull rally before halving Poppe made a $300,000 prediction for BTC.

Stating that at this point, declines below $ 41,000 offer a buying opportunity, Poppe said:

“Maybe we can take another round of bullishness before the halving. However, every level below $41,000 presents a decline opportunity, and any dip below $41,000 makes a lot of sense.

“At this point I expect Bitcoin to rise to $300,000.”

The range is defined on #Bitcoin.

Perhaps we’ll have another run pre-halving, but more or less dips to be bought sub $41K makes a lot of sense.

just before #Bitcoin goes to $300,000. pic.twitter.com/7Y4ol3OecN

— Michaël van de Poppe (@CryptoMichNL) January 15, 2024

Touching on altcoins other than Bitcoin, Poppe talked about Bitcoin dominance and altcoin He said that history was repeating itself regarding the rally relationship.

At this point, Poppe argued that Bitcoin dominance has reached its peak and altcoins will perform better in the coming days.

“History repeats itself.

Accordingly, Bitcoin’s pre-halving dominance is expected to peak, potentially marking the top of a cycle.

“Altcoins are likely to perform better in the coming period.”

History repeating itself.#Bitcoin dominance peaking before the halving and potentially marking a cycle top.

Altcoins are likely to outperform coming period. pic.twitter.com/ox36x2M5NG

— Michaël van de Poppe (@CryptoMichNL) January 15, 2024

*This is not investment advice.