A popular crypto analyst, Michaël van de Poppe, is making some bold predictions about the future of the crypto market. He believes that NEAR Protocol (NEAR), a competitor to Ethereum, is poised for a major surge.
NEAR Protocol to Soar 275%
Van de Poppe predicts that NEAR could rise by a whopping 275% from its current price within the next six months. He cites recent market trends and technical analysis as reasons for his optimism.
“The markets are looking good for a turnaround,” he said. “NEAR has bounced off a key support level and seems likely to hold from here. If it stays above $2.75-$3.40, I think we’ll see it hit $15 in the next three to six months.”
Bitcoin to Reclaim $60,000
Van de Poppe also believes that Bitcoin (BTC) is on the verge of a breakout, potentially reaching the $60,000 range soon.
“Bitcoin has broken through my bearish prediction and crossed $56,000,” he said. “I think we’ll see a slight dip to $55,000-$55,500, but then a rally to $60,000-$61,000 within the next week. It looks promising.”
Altcoin Rally on the Horizon
The analyst believes that the crypto market correction may be over, and a rally for many altcoins against Bitcoin could begin soon.
“The bottom is in for altcoins and Bitcoin,” he said. “The Bitcoin pairs of many altcoins have been climbing, and technical indicators are pointing in the right direction. It’s going to be great. You’ve all survived the pain.”
Ethereum Could Dip Before Rallying
However, van de Poppe warns that Ethereum (ETH) might need to dip further before rallying.
“Ethereum is the wildcard of this cycle,” he said. “The bullish divergence hasn’t been confirmed. It’s starting to look bad, and I think we’ll see it drop to its previous lows. If Bitcoin goes to $60,000-$61,000, ETH could fall below 0.04 BTC before it has a chance to rebound.”
Remember:
This is just one analyst’s opinion, and the crypto market is notoriously volatile. Always do your own research before investing in any cryptocurrency. /p>
