Van de Poppe Looks Into The State Of Bitcoin And Wider Crypto Market
Michaël van de Poppe, a leading crypto analyst and trader, looks into the current state of the crypto market and makes predictions what’s next for Bitcoin (BTC) and the overall crypto markets as 2021 is coming to an end.
Bitcoin (BTC)
The analyst shared with his 525K followers on Twitter followers that BTC has already touched a key “make it or break it” support level.
“Chop, chop, chop it is for Bitcoin. A crucial area to hold is that region we’ve touched already at $42K.
The close was above $46-47K and I’d prefer not to lose that at all.”
Regarding what is next to come for Bitcoin, Van de Poppe believes that BTC’s long-term bull cycle is not yet over and the leading crypto asset will continue its ascend next year despite recent choppy price action.
“Bull market is still going to continue for Bitcoin.”
At the time of writing, Bitcoin trades at $48,594 down 2.65% on the daily chart.
Altcoins
Looking into altcoin market, Van de Poppe believes that the bottom is nearly in. He doesn’t think that the rest of 2021 will go crazy on crypto markets, but Q1, Q2, and Q3 of 2022 will be big. Also the focus has shifted from Bitcoin to Ethereum pairs, as Van de Poppe believes it will be the market leader.
“I think; Markets to bottom out during this month, as the majority is coming to the conclusion that we aren’t going parabolic now.
Big breakout Q1 2022 including altseason.
ETH pairs to focus as goal is to outperform ETH this cycle.
Peak bull cycle Q2/Q3 2022.”
I think;
▫️ Markets to bottom out during this month, as the majority is coming to the conclusion that we aren't going parabolic now. ▫️ Big breakout Q1 2022 including #altseason. ▫️ $ETH pairs to focus as goal is to outperform $ETH this cycle. ▫️ Peak bull cycle Q2/Q3 2022.
