Cryptoanalyst Michaël van de Poppe, known for his insightful predictions, recently took to X (formerly Twitter) to share your thoughts on the future of Bitcoin (BTC). Van de Poppe’s tweet has sparked excitement and intrigue among cryptocurrency enthusiasts, as he offered a glimpse of what’s in store for the world’s most popular cryptocurrency.
Cryptoanalyst Michaël van de Poppe, known for his insightful predictions, recently took to X (formerly Twitter) to share your thoughts on the future of Bitcoin (BTC). Van de Poppe’s tweet has sparked excitement and intrigue among cryptocurrency enthusiasts, as he offered a glimpse of what’s in store for the world’s most popular cryptocurrency.
Van de Poppe tweeted that the price of Bitcoin was stuck in a range and that the markets were in balance. He mentioned that he would be looking at building within the range for the coming months and forecast a final run before the halving towards $48,000, followed by consolidation before the breakout towards an all-time high in the third and fourth quarter of 2024.
Bitcoin Price Rebound Scenario
The next bitcoin halving event It is expected to take place in April 2024. Historically, these events have led to increased shortages and a subsequent increase in the price of Bitcoin. Van de Poppe’s prediction aligns with the idea that the price of Bitcoin could see significant growth following the 2024 halving event.
Meanwhile, Bitcoin’s current all-time high stands at an impressive $69,044, a record reached in 2021. Van de Poppe’s prediction suggests that Bitcoin could reach new heights by surpassing this previous peak, which would certainly attract the attention of investors and enthusiasts from all over the world.
According to the latest available data, the current price of Bitcoin is $43,088, reflecting an increase of 0.23% in the last 24 hours. Additionally, Bitcoin’s 24-hour trading volume has seen a notable rebound, increasing by 20.81% and currently standing at a substantial $15,587,716,556. These statistics indicate renewed interest in Bitcoin trading activity.
CoinGlass Data reveals That open interest in Bitcoin has seen a significant increase of 3.56%, currently standing at $18.19 billion. Notably, top exchange Binance has the majority of this open interest with $3.39 billion, closely followed by Bybit with $2.58 billion and Bitget with $1.16 billion. This signifies the growing interest of institutional and retail investors in Bitcoin.
Overall, the community is eagerly anticipating Bitcoin’s potential to reach new heights in 2024. Michaël van de Poppe’s prediction of a pre-halving surge to $48,000 and an eventual breakout towards an all-time high in late 2024 has sparked enthusiasm and optimism among Bitcoin enthusiasts. .
