In his statement, seasoned cryptocurrency analyst Michaël van de Poppe addressed the prices of Bitcoin and altcoins.
Renowned cryptocurrency analyst Michaël van de Poppe recently divulged his forecasts for the trajectory of Bitcoin and altcoins in the forthcoming months in his latest update.
Per the analyst’s insights, Bitcoin’s price is anticipated to undergo a consolidation phase during the upcoming months. Furthermore, preceding the halving event scheduled for April, which will halve the circulating supply of BTC, the analyst suggests there will be an ultimate surge towards the resistance levels ranging from $48,000 to $50,000.
Following this, van de Poppe suggested that BTC’s price might experience a correction to levels between $36,000 and $38,000 post-halving, with altcoins potentially surpassing BTC thereafter. The analyst asserted that altcoins are positioned for a forthcoming rally, potentially doubling in value over the ensuing months. Nonetheless, he cautioned that crucial price thresholds must be maintained in altcoins.
Regarding Ethereum, van de Poppe anticipated an imminent uptrend. Drawing parallels with LINK, which recently demonstrated significant growth, the analyst highlighted that LINK’s price took over two years to awaken, while ETH has been in a downtrend for two and a half years. He projected a remarkable return for ETH.
(Note: This content is for informational purposes only and should not be construed as investment advice.)
