Crypto analyst Michaël van de Poppe is predicting a massive Bitcoin price surge. He believes Bitcoin could hit a staggering $500,000 this cycle.
A Longer Cycle, Bigger Gains?
Van de Poppe bases his prediction on what he calls a “rainbow chart.” He argues that the previous Bitcoin cycle didn’t reach its full potential. If this cycle extends, he says, the price will automatically increase significantly. Currently, Bitcoin is trading around $105,865, having recently hit a new high of $107,822.
Altcoins Ready to Explode?
Van de Poppe isn’t just bullish on Bitcoin. He also sees a significant upswing coming for altcoins. He suggests that many altcoins are still accumulating, poised for a major breakout. He advises investors to hold their positions, potentially seeing returns of 3-5 times their investment in Bitcoin terms. However, he cautions that this next move will be volatile, with likely price crashes along the way, suggesting taking profits strategically.
Important Disclaimer
Remember, this is just one analyst’s opinion. Cryptocurrency investments are inherently risky. Always do your own research before investing, and only invest what you can afford to lose.
