As a crypto investor, you are currently bombarded with Bitcoin (BTC) price predictions. According to many, Bitcoin is on the eve of a new bull market, largely driven by the upcoming BTC halving and the possible launch of a Bitcoin exchange fund. Dutch crypto analyst Michaël van der Poppe has shared his prediction for the Bitcoin price in the coming years cycleand he is extremely optimistic.
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Predicting BTC price movements
Van der Poppe shared his Bitcoin prediction for the coming months and years with his 161,000 subscribers in his recent YouTube video.
He points out that we may be able to move higher to $48,000 in the coming weeks “Rally before the halving”, driven by hype surrounding the new halving and the possible approval of a Bitcoin exchange fund. He then expects a significant correction around the halving, which should take place sometime in April. This correction is driven by the fact that the hype surrounding the new halving is somewhat waning at this point.
After the halving, Bitcoin will enter a months-long consolidation phase before the new bull market begins, according to Van der Poppe. Van der Poppe expects this new bull market to surpass the previous one. He points out that the previously booming market was “suppressed” by Sam Bankman-Fried and his now-bankrupt crypto exchange FTX.
Van der Poppe is eyeing a price range between $300,000 and $400,000:
“It is very reasonable to say that Bitcoin could rise to $300,000-$400,000 in this bull cycle because I think we will see a lot of new entrants pushing prices higher, making it very likely that We “will see a 2016-2017 type cycle, and altcoins will still perform well during this period.”
Bitcoin price action halved
With the new BTC halving just a few months away, you could already read about Bitcoin’s past price performance related to this major event earlier this week.
In previous cycles, Bitcoin always rose about 60 days before the halving. However, the price kept falling around the halving. After a month-long consolidation phase, the doors to a new bull market opened again and again.
Van der Poppe’s expectations for the coming months are therefore largely in line with Bitcoin’s price development so far.
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