Popular crypto analyst Michaël van de Poppe is laying out his predictions on how Bitcoin (BTC) could perform this year.
Van de Poppe tells his 643,700 Twitter followers that Bitcoin could be gearing up for a massive surge in the coming months.
“Q1: Sideways markets. Potential temporary bottom.
Q2: Relief rally on Bitcoin to $30,000-$35,000 amongst pause of hikes/inflation coming down.
Q3/Q4: Recession and crisis kicks in, one final drop on indices.
2024-2025 massive bull cycle, Bitcoin to $250,000-$300,000.”
At time of writing, Bitcoin is changing hands for $16,665, suggesting that BTC could gain over 110% should the king crypto reach Van de Poppe’s Q2 prediction.
In the short term, Van de Poppe thinks Bitcoin looks poised for a quick rally.
“Bitcoin looks ready for continuation, but always difficult to call when US opens up tomorrow.
I’d be chasing the $16,600 area if you’re not in a position.
Targets; $17,000-$17,100.”
Looking at the altcoin market, Van de Poppe says that it may be time to accumulate crypto assets other than Bitcoin as they have been languishing in a prolonged bear market
“All I hear is the fact that people are saying that altcoins will crash another 50-90% from here.
They could. Definitely. It’s a bear market, but it’s the longest till date for most of the altcoins -> 19 months.
I wouldn’t recommend to start selling here. Accumulate.”
One altcoin on Van de Poppe’s radar is smart contract platform Fantom (FTM), which he says could slightly pull back before launching a rally.
“I’m watching some perspectives here, in which it sounds reasonable that we’ll be continuing the rally on altcoins.
Especially FTM looks great:
– Liquidity taken and higher high.
– Retest at $0.2060 is an aggro entry. Conservative: $0.2030.
Resistance at $0.216 cleared -> $0.25.”
At time of writing, FTM is switching hands for $0.208, up over 5% on the day.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Analyst Michaël van de Poppe Predicts Over 110% Rally for Bitcoin This Year – Here’s His Outlook appeared first on The Daily Hodl.