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Home»ALTCOIN NEWS»Crypto analyst says he’s ‘positively surprised’ by Bitcoin, says current bull cycle could send BTC above $250,000
ALTCOIN NEWS

Crypto analyst says he’s ‘positively surprised’ by Bitcoin, says current bull cycle could send BTC above $250,000

By Crypto FlexsFebruary 9, 20242 Mins Read
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Crypto analyst says he’s ‘positively surprised’ by Bitcoin, says current bull cycle could send BTC above 0,000
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A widely respected cryptocurrency analyst has expressed pleasant shock over Bitcoin (BTC)’s most recent push.

Cryptocurrency trader Michaël van de Poppe says 692,300 followers on social media platform

“To be fair, I am very surprised by the current strength of Bitcoin.

It’s already $46,500.

We seem to be looking for liquidity above the peak and above $51,800 before the halving.

The market is strong. A 20% drop in Bitcoin is a buy.”

Source: Michaël van de Poppe/X

According to Van de Poppe, the largest share of inflows into Bitcoin will come from exchange traded funds (ETFs). catalyst Crypto King To Reach Over $250,000

“Inflows into Bitcoin ETFs are over $1.8 billion in the first few weeks.

This will be higher if FTX liquidation reduces grayscale outflows.

Start of bull cycle and Bitcoin $250,000+.”

Source: Michaël van de Poppe/X

Van de Poppe with BTC currently worth $47,256 proposal The flagship asset could hit $55,000 before the BTC halving, currently expected in April.

“Bitcoin is above $47,000.

A potential high in the coming period in the $48,000-$50,000 range is still clear, but given recent strength, $53,000-$55,000 could see a pre-halving.”

Halving is a pre-programmed event that reduces new BTC issuance to miners by half.

Finally, the analyst Expect The altcoin market follows BTC’s lead.

“Altcoins are slowly following Bitcoin.

“This cycle will likely peak between $10 and $15 trillion.”

According to CoinGecko, the current altcoin market cap remains below $9 trillion.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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