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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Bitcoin is stable and expected to surge to $47,000-$50,000 by December.
Altcoins are poised for a major rally in the first quarter of 2024.
Crypto analyst Michaël van de Poppe’s insights are fueling excitement in the market.
Cryptocurrency dynamics can be complex, but Michaël van de Poppe, a seasoned analyst, recently shared a deep dive into Bitcoin’s current standing. In a nutshell, he’s painting a positive picture for both crypto fans and investors, emphasizing the need for stability.
Don’t wait a second longer – dive in to his insights here!
In a recent tweet, renowned crypto analyst Michaël van de Poppe offered a clear take on where Bitcoin stands. Confident about its growth, he stressed Bitcoin’s robustness, with a solid support level ranging from $36,000 to $38,000. Despite some testing of the resistance zone, the overall path seems unchanged, setting the stage for a potential surge to $47,000-$50,000 by December.
Classic wick on the markets.
Nothing major.
For #Bitcoin, I'd like to see it stay above $36-38K. If that is happening, then $47K-50K pre-Spot ETF approval is definitely possible and that should be the short-term top.#Altcoins to run massively in Q1 2024.
Taking a closer look at the short term, Van de Poppe expects Bitcoin to make a significant move. He sees an upward trend starting in December, potentially pushing the price past $47,000-$50,000, provided the momentum holds and the Spot ETF gets the green light.
Also Read: These Altcoins Could be in the Top 10 in the Upcoming Bull Run Along with Bitcoin & Ethereum
Van de Poppe doesn’t just focus on Bitcoin; he’s eyeing altcoins too. According to him, the first quarter of 2024 could be a game-changer for altcoins, offering a promising landscape for investors. His optimism suggests a big run for altcoins, presenting an exciting opportunity.
As the crypto community watches Bitcoin for stability, all eyes are on the market’s shifts. Van de Poppe’s insights act as a guide, and everyone is eager to see how his predictions play out in the coming months. Excitement is building in the crypto space as enthusiasts gear up for the journey ahead.
Read More: SEC’s Spot Bitcoin ETF Decision Is Officially Between January 5 And 10! Confirms Top Bloomberg Analyst
Michaël van de Poppe is bullish, but is he right? Let’s hear your views.
