A popular crypto analyst thinks Bitcoin could skyrocket in value before the current market cycle ends. Michaël van de Poppe, who has over 700,000 followers on social media, believes Bitcoin could jump by as much as 890% from its current price.
Bitcoin as a Safe Haven
Van de Poppe says investors might choose Bitcoin as a safe haven amid geopolitical tensions, banking instability, and currency devaluation. He predicts Bitcoin could reach between $300,000 and $600,000 this cycle.
Altcoins Outperforming Bitcoin?
The analyst also sees signs that altcoins, or cryptocurrencies other than Bitcoin and Ethereum, could outperform Bitcoin. He’s looking at a chart called TOTAL3/BTC, which tracks the combined market value of all cryptocurrencies except Bitcoin, Ethereum, and stablecoins.
Van de Poppe says this chart shows a strong “bullish divergence,” which could mean altcoins are about to surge in value. This divergence happens when the price of an asset goes down or stays flat, while a momentum indicator shows signs of a potential upswing.
Important Disclaimer
Remember, this is just one analyst’s opinion. Investing in cryptocurrencies is risky, and you should always do your own research before making any investment decisions.
