A widely respected cryptocurrency analyst believes that Bitcoin (BTC) is peaking, but that Ethereum (ETH) and other altcoins will rise soon.
Michael van de Poppe says The 694,300 followers on social media platform
The DePIN project involves using cryptocurrency assets and blockchain technology to encourage the construction of real-world infrastructure.
Van de Poppe said:
“Strong weekly candle in ETH/BTC. It seems very likely that the rotation has begun.
DeFi/DePin will perform significantly better. Bitcoin is close to its peak. “Other ecosystems are also starting to work well.”
ETH/BTC is trading at 0.05700 BTC ($2,953) at the time of writing, up more than 3% in the last 24 hours.
that predict Bitcoin could rise as high as $58,000 before a market correction.
“Bitcoin consolidated at $52,000 with a total market capitalization of $1.9 trillion. Bitcoin’s upside appears to be relatively limited. My overall argument is consolidation and then broad correction leading to $54,000-$58,000.”
That too think Bitcoin will follow its historical price pattern and significantly exceed its current value within two years.
“It is April 2016 in the Bitcoin cycle, which is heading towards its peak in December 2017. It’s March 2020 in the Bitcoin cycle heading towards a peak in November 2021. Bitcoin is worth $51,000, but in two years it will be much higher. Collect as many as you can.”
Bitcoin is trading at $51,835 at the time of this writing, up nearly 4% over the past seven days.
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