Cryptocurrency analyst and trader Michaël van de Poppe is expressing bullish sentiment on Bitcoin (BTC) over the coming weeks and months.
Van de Poppe tells his 684,700 followers on the X social media platform that Bitcoin is likely to enjoy a rally ahead of the halving scheduled for April.
[adinserter block="1"]According to the widely followed analyst, there is also a possibility of Bitcoin falling below $41,000 before skyrocketing by over 630% from that level to $300,000.
Based on Van de Poppe’s charts, it appears that the analyst expects Bitcoin to climb to around $45,500 before tumbling to just under $40,000.
Bitcoin is trading at $42,830 at time of writing.
The widely followed crypto analyst further says that over the long term, the approval of spot Bitcoin exchange-traded funds (ETFs) in the US will have a positive impact.
“The Bitcoin ETF has provided a negative return since the start.
The Bitcoin ETF has provided a massive net inflow on the first few days. More than $600 million on the first day.
The real impact of the ETF will be shown in the coming few years.
A mega bullish event.”
According to Van de Poppe, a bullish season that is potentially on the way is likely to be the last “easy” cycle for Bitcoin and other crypto assets.
“This cycle will probably take slightly longer, will go way higher than anticipated, and will change many lives.
That’s great, but times won’t stay like this.
Take those profits. Period.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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