In a recent analysis, well-known analyst Michaël van de Poppe talks about the situation with Bitcoin. He’s saying it’s crucial for Bitcoin to stay stable, and right now, there’s a key support level at $36k-$38k that seems strong. If this support holds, he believes Bitcoin’s price could go up to somewhere between $47k-$50k in December.
In a recent tweet, popular cryptocurrency analyst Michaël van de Poppe talked about Bitcoin and said he’s feeling positive about its future growth.
Classic wick on the markets.
Nothing major.
For #Bitcoin, I'd like to see it stay above $36-38K. If that is happening, then $47K-50K pre-Spot ETF approval is definitely possible and that should be the short-term top.#Altcoins to run massively in Q1 2024.
— Michaël van de Poppe (@CryptoMichNL) December 4, 2023
Bitcoin: Analyst Forecasts Continued Growth
Cryptocurrency analyst Michaël van de Poppe is optimistic about Bitcoin’s future, asserting that its upward trend is expected to persist. Despite rigorous testing of the resistance zone in the $36k-$38k range, he remains steadfast in his belief that the overall trajectory remains unchanged.
Looking into the short-term, van de Poppe anticipates a significant breakout for Bitcoin, projecting an upward movement set to commence in December. He suggests that if the current upward trend persists before the approval of the Spot ETF, the bitcoin price could potentially surpass the $47k-$50k range.
Altcoin Boom Expected in Q1-2024: Analyst Upbeat Forecast
Going beyond Bitcoin, analyst Michaël van de Poppe extends his predictions to altcoins, anticipating a significant Q1 2024 for alternative cryptocurrencies. With a positive outlook for substantial growth and increased activity in the first quarter of 2024, the analyst suggests that altcoins are gearing up for substantial gains, creating a promising landscape for investors.
While Bitcoin’s stability takes center stage, market observers are eagerly watching for the unfolding of Van de Poppe’s projections and anticipating broader market movements in the upcoming months.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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