According to information provided by Michael Van De Poppe, a popular cryptocurrency analyst, the rise in Bitcoin (BTC) will continue in the near future. Underlining that Bitcoin could reach $50,000 before the halving, Poppe said the following on the official X (formerly Twitter) account:
“I think the short-term resistance in Bitcoin is at $38,000. However, Bitcoin will most likely continue towards $45,000 – 50,000 before the halving (April 2024). From now on, there will be consolidation in BTC. I think Bitcoin will not move sideways for a long time and will start making ATHs. MEANWHILE, THE SHOW OF POWER OF ALTCOINS IS PROBABLY BEGINNING”
Michael Van De Poppe is very hopeful about altcoins for 2024. Poppe, who thinks that there will be an altcoin rally in 2024, gives investors hope.
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