Renowned crypto analyst Michaël van de Poppe sees a positive outlook for Bitcoin as it hovers above $70,000. Van de Poppe predicts Bitcoin could see gains of 10% to 38% by the end of the year, potentially reaching record highs within the next few weeks. Currently, Bitcoin trades at $70,258, just 4.7% shy of its early-year peak of $73,800.
Ethereum Expected to Climb in November
Van de Poppe also has a bullish stance on Ethereum, suggesting a potential rise of over 13% in November. If Ethereum maintains its support level near $2,300, it could aim for the $3,000 mark, presenting an attractive target for investors. However, the analyst advises caution regarding the ETH/BTC pair, noting a bearish trend in the daily chart that could lead to a 15% drop toward 0.031 BTC.
“$70,000 and Above Is a Milestone for Celebration”
Van de Poppe highlights, “Bitcoin’s position above $70,000 is a milestone worth celebrating.” Meanwhile, Ethereum is currently trading at $2,522, marking a 5% decrease over the past 24 hours. Van de Poppe remains optimistic, stating that Bitcoin is positioned strongly to set new records.
Analyzing the Path Forward in Crypto Markets
These insights provide valuable indicators for investors navigating the crypto market, though Dey There reminds readers to assess investment decisions carefully due to the volatility in digital assets. With the potential for year-end milestones, the market continues to show promise, and these projections from a leading analyst shed light on key targets for Bitcoin and Ethereum.
Bitcoin, Ethereum, crypto market, Michaël van de Poppe, year-end targets
