• Crypto analyst Michaël van de Poppe says Bitcoin (BTC) needs to break over the $29,800 line for a bull run.
• XRP is worth $0.63 at time of writing and Van de Poppe says he’s waiting to dive into it.
• Van de Poppe is doubling down on a bullish prediction that anger, depression, and disbelief are next for the crypto markets before mounting their next bull run.
Crypto Analyst’s Bull Run Prediction
A widely followed crypto trader Michaël van de Poppe has predicted that Bitcoin (BTC) needs to break over the $29,800 line for a bull run in the overall crypto market space. Van de Poppe believes that lower side of the range is holding up for Bitcoin and XRP which is currently worth $0.63 at time of writing will do well and should be in investor’s bags coming period. To back up his prediction he shared an essay titled “Investors Perspective in Crypto Markets Follows History” which suggests that we won’t see Bitcoin drop to $12,000 and altcoins having another capitulation.
The Market Cycle Chart
Van de Poppe suggests that we are currently in the second stage of capitulation, which is time where investors might feel like nothing is happening in the markets at all and should move towards other markets rather than crypto. To explain this further he shared a chart called “Psychology of a Market Cycle” which states that anger, depression, and disbelief are next for the crypto markets before mounting their next bull run.
Bitcoin Price Analysis
At time of writing BTC is worth $29,351 which represents an increase of 1% from last week while XRP (Ripple) is worth $0.63 at time of writing with Van de Poppe suggesting investors should add them to their portfolio coming period if they haven’t done so already. The crypto analyst also believes that upper side of the range still holds up for Bitcoin as it needs to break over the $29,800 line for a bull run as suggested earlier in his essay titled “Investors Perspective in Crypto Markets Follows History” .
Followers’ Opinion on Bull Run Prediction
Van de Poppe’s followers agree with his bullish predictions with many suggesting they have been adding XRP to their portfolios recently due to its low price point as compared to other major cryptos such as BTC or ETH . Some believe we could see BTC reach new all-time highs soon while others suggest caution as there could be some bumps along the way but overall market sentiment remains optimistic .
Conclusion
Overall Michal van De poppes analysis suggests that there could be some bumps ahead but generally speaking he sees potential growth opportunities within both Bitcoin (BTC) and XRP (Ripple). He encourages investors not to miss out on these potential gains by adding them into their portfolio now before prices rise too high instead of waiting until later when entry points may become harder or more expensive . With optimism growing among followers , it will be interesting to see how these predictions play out over time .