A widely followed crypto analyst believes that Bitcoin (BTC) could reach six figures before the end of the year, as the leading digital asset by market cap reclaims the $65,000 level.
Crypto trader Michaël van de Poppe tells his 725,400 followers on social media platform X that Bitcoin could rise by more than 53% from its current value.
He believes that Fed rate cuts and increased global liquidity are bullish catalysts for Bitcoin and other digital assets.
“Gold continues to advance, while silver has reached its highest price level in a decade. Global liquidity is increasing dramatically and altcoins are just getting started. Before the end of the year, we will likely see Bitcoin trading between $90,000 and $100,000.
The analyst says Bitcoin’s recent breakout into the $65,000 range puts the flagship crypto on track to reach its all-time high of around $74,000. He adds that many altcoins are already starting to recover.
“Bitcoin is poised to surpass $65,000 and take the show to a new ATH (all-time high). Altcoins are ready to wake up further and shoot 2x again.
The analyst also claims that altcoins will likely remain in an uptrend in the coming months.
“Altcoins are waking up in a big way, but that’s nothing compared to what we’re going to see in the next six months. It’s going to be glorious. This is already the case.
Bitcoin is trading at $65,929 at the time of writing, up 1.3% in the last 24 hours.
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