Michaël van de Poppe, a highly followed crypto trader, anticipates a significant bullish surge for Bitcoin (CRYPTO: BTC) in the near future, as the apex cryptocurrency crossed the $100,000 mark once again ahead of President-elect Donald Trump’s inauguration.
What Happened: Van de Poppe predicted a forthcoming bullish move for Bitcoin. However, he suggests that altcoins, particularly those in the Ethereum (CRYPTO: ETH) ecosystem, will likely outperform Bitcoin.
“Very likely we’ll see a new impulse on #Bitcoin in the coming period,” he said.
Factors such as lower yields, a weaker dollar, and progressive crypto regulation are propelling the market momentum, according to van de Poppe. He also notes that the current crypto cycle is more “complex” than the previous one, a trend that has been ongoing since the last cycle.
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