A widely followed crypto strategist believes that Bitcoin’s current strength will push BTC to higher price levels than people expected this cycle.
Analyst Michael van de Poppe managed to raise $73,000 before Bitcoin's halving (when miners' rewards are cut in half) to his 711,000 followers on social media platform X. He said that reaching a new all-time high is a sure sign of strength.
According to the crypto trader, he expects BTC to generate more than 4x returns from current levels before witnessing a cycle top.
“Bitcoin still faces significant resistance.
If this is broken, we will see a continuation of the move to new all-time highs.
Before the halving, Bitcoin was worth $70,000.
Probably $300,000 this cycle. ”
Van de Poppe further To tell The crowd is probably underestimating the strength of Bitcoin and other crypto markets this cycle.
“The market is stronger than we think.
– Dipslitcoin That's a lot of entries.
– Potential for new all-time highs before halving.
– Rotation to altcoins is coming. ”
At the time of this writing, Bitcoin's value was $71,289, up more than 2% in the past 24 hours.
Regarding altcoins, Van de Poppe I'm looking forward to it Traders rotate their funds into three crypto subsectors.
“People ask, 'Is there going to be an 'alt season'?”
Yes, it is.
We've always had it, we've seen memes, we've seen the SOL ecosystem, we've seen artificial intelligence.
Next comes the ETH ecosystem, DePIN (Decentralized Physical Infrastructure Network), and RWA (Real World Assets). ”
DePIN leverages blockchain technology to operate and maintain physical infrastructure such as energy grids, while RWA refers to the tokenization of real-world assets such as stocks, commodities, and real estate.
Van de Poppe also focuses on the TOTAL3 chart, which tracks the market capitalization of all altcoins excluding Ethereum (ETH) and stablecoins. The analyst said TOTAL3 continues to show signs of strength after its weekly close above $700 billion.
“TOTAL3 (altcoin market capitalization) does not appear to have ended its rally after this week’s close.”
As of this writing, TOTAL3 stands at $749 billion.
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