Analyst Michal van de Poppe Predicts Over 110% Rally for Bitcoin This Year Heres His Outlook

Popular cryptocurrency analyst Michael van de Poppe has released his predictions for how Bitcoin (BTC) will perform this year.

Van de Poppe To tell His 643,700 Twitter followers say Bitcoin may be gearing up for a massive surge in the coming months.

Q1: Flat market. A potential temporary bottom.
Q2: Bitcoin rises to $30,000-$35,000 amid rate hike/inflation pause.
Q3/Q4: Recession and crisis begin, final drop in index.

Bitcoin will hit $250,000 to $300,000 in a massive 2024-2025 bull market. ”

Bitcoin is trading at $16,665 at the time of writing, and BTC could gain more than 110% if the crypto mogul reaches Van de Poppe’s Q2 forecast. suggests that there is

In the short term, van de Poppe believes Bitcoin looks poised for a rapid rally.

Bitcoin looks ready to continue, but it is always difficult to tell when the US opens tomorrow.

If you don’t have a position, I would chase the $16,600 area.

Target; $17,000 to $17,100

Looking at the altcoin market, Van de Poppe To tell It may be time to stock up on non-Bitcoin crypto assets as they languish in a protracted bear market.

All I hear is the fact that people are saying altcoins are going to crash another 50-90% from here.

they did definitely. Although this is a bear market, it is the longest 19 months ever for most altcoins.

I do not recommend selling here. Stack. “

One of the altcoins that Van de Poppe has his eye on is smart contract platform Fantom (FTM), which he said may retreat slightly before rising.

I see some prospects here, but it seems reasonable that the altcoin rally will continue.

Especially the FTM looks great:
Liquidity taken and higher.
Retest at $0.2060 is an aggro entry. Conservative: $0.2030.

Clears resistance at $0.216 -> $0.25. ”

As of this writing, FTM is trading at $0.208, up over 5% for the day.

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