Analyst and trader Michaël Van de Poppe thinks that Bitcoin (BTC) is ready to go much higher after the flagship asset of the crypto burst into a new summit of all time.
Van de Poppe says to its 795,200 subscribers on the X social media platform that Bitcoin could reach a price of $ 250,000 in the fourth quarter – an increase of approximately 112% compared to the current level.
According to the widely followed analyst, Bitcoin could reach a price of $ 125,000 this month and $ 150,000 between July and late September. However, Van de Poppe expects the gathering to stop before its objectives can be achieved.
“I’m probably going to wedge a little before we continue.”
Bitcoin is negotiated at $ 117,915 at the time of writing, up approximately 10% in last week.
With regard to Ethereum (ETH), the widely followed analyst says that the second greatest cryptographic asset by market capitalization seems bullish and could reach the levels for the last time in November 2021.
“A vertical candle upwards.
Now patience, then we will continue at the heights of all time. »»
Ethereum is negotiated at $ 2,980 at the time of writing, up almost 20% in the last seven days, but down around 40% compared to the top of all time reached almost four years ago.
Finally, Van de Poppe estimates that the downward trend in total altcoin market capitalization against Bitcoin is about to reverse. The widely followed analyst says that altcoins constitute a bullish divergence against bitcoin on the weekly time – an indication that altcoins are in operation against the flagship asset of crypto.
A bullish divergence occurs when the price of an asset forms lower stockings while an oscillator as the relative resistance index (RSI) forms higher highs.
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