- Crypto analyst Michaël van de Poppe predicts a catalyst could trigger a Bitcoin bull cycle continuation.
- Bitcoin may soon retest the $28,000 level to conclude its market correction before moving upwards.
- If the Federal Reserve halts interest rate hikes, crypto markets, including Bitcoin, are likely to surge.
Michaël van de Poppe, a renowned crypto analyst, anticipates a catalyst that could spark the continuation of Bitcoin’s bull cycle. In a recent strategy session, he shared with his 162,000 YouTube subscribers that Bitcoin is likely nearing the end of its market correction.
Van de Poppe suggests that the financial markets are not bracing for a recession, which bodes well for Bitcoin. He predicts that Bitcoin may soon retest the $28,000 level to conclude its market correction before making an upward move.
The analyst posits that if the Federal Reserve ceases to raise interest rates to curb inflation, the crypto markets are likely to skyrocket. Several digital assets, including Chainlink (LINK), Ethereum (ETH), Avalanche (AVAX), and Bitcoin, appear ready for lift-off.
“If the end of the hiking policy is going to come around, most likely we’re going to have an upwards turn on the markets,” says van de Poppe. He believes that the ingredients for a market breakout are present; it just needs a trigger to continue. With the Federal Open Market Committee (FOMC), GDP, and hopefully the Personal Consumption Expenditures Price Index (PCE) on the horizon, the Bitcoin bull cycle could resume.
Looking ahead, the future of Bitcoin in the crypto space remains promising. Despite market volatility, Bitcoin continues to innovate and drive adoption. The potential for growth is limitless, and the crypto world is still expanding. As Bitcoin navigates these challenges, its resilience and potential become increasingly evident.
Read also:
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://cryptonewsland.com/crypto-markets-poised-for-lift-off-michael-van-de-poppe-on-bitcoins-bull-cycle/
