A popular crypto analyst, Michaël van de Poppe, is predicting a potential price surge for a Solana-based cryptocurrency. He also shared his thoughts on Bitcoin’s future.
Solana’s Wormhole Poised for Breakout?
Van de Poppe, who boasts a large following on X (formerly Twitter), highlighted Wormhole (W), a cross-chain messaging protocol built on Solana. He noted a bullish divergence in the coin’s weekly chart. This technical indicator suggests that despite recent price dips, momentum is building for a potential price increase. He believes Wormhole could see a significant price jump in the coming weeks. At the time of writing, Wormhole is trading at around $0.18.
Bitcoin’s Explosive Move?
Turning to Bitcoin (BTC), Van de Poppe hinted at a potential big price swing. He’s watching the upcoming Producer Price Index (PPI) report, suggesting that a further price drop could precede a strong upward move. He believes the overall trend for Bitcoin remains bullish, and any extended period of accumulation will likely lead to a significant price breakout. He also noted the market’s muted reaction to recent economic news, suggesting that factors like tariffs and geopolitical tensions are playing a larger role than usual in determining market sentiment. Bitcoin is currently trading around $96,500.
Beyond the Four-Year Cycle?
Finally, Van de Poppe challenged the traditional four-year Bitcoin cycle theory. He suggests that the current cycle might be significantly longer than previously anticipated, potentially extending well beyond the typical timeframe. He points to the extended bear market and the yet-to-happen altcoin bull run as evidence supporting his theory.
Disclaimer: This information is for general knowledge and discussion purposes only, and does not constitute investment advice. Always conduct your own research before making any investment decisions.
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