More

    Bitcoin To Explode by Over 70% Before a ‘Very Fast’ Reversal Occurs, Says Crypto Analyst – Here’s the Timeline – The Daily Hodl


    Popular cryptocurrency analyst and trader Michaël van de Poppe is updating his outlook on king crypto Bitcoin (BTC) over the coming weeks and months.

    Van de Poppe tells his 163,000 YouTube subscribers in a new video that Bitcoin could trade in a range for a while before rallying to a price of up to $40,000.

    According to the popular cryptocurrency analyst and trader, the $37,000 to $40,000 price level is where most of the investors and traders with open positions in Bitcoin are likely to close their positions, possibly in the second quarter (Q2) of 2023.

    “I think that the take profit price will start to take place around $29,000 and most likely $37,000 to $40,000. I think that this entire run, and now we’ve got the sideways period which can just last for a few weeks before you can start running again, this run towards $37,000 to $40,000 is most likely going to take place in Q2.”

    Source: Michaël van de Poppe / YouTube

    With Bitcoin worth $22,709 at time of writing, the $37,000 to $40,000 target would be an increase of at least 70%. Van de Poppe says a sharp trend reversal will occur before the bull cycle and subsequent price action can really get rolling.

    “And then we have another very fast correction taking place before the entire bull cycle starts to take off.”

    I

    Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

    Check Price Action

    Follow us on Twitter, Facebook and Telegram

    Surf The Daily Hodl Mix

    Check Latest News Headlines

    &nbsp

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney



    Stay in the Loop

    Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    - Advertisement - spot_img

    You might also like...

    bitcoin
    Bitcoin (BTC) $ 27,192.29
    ethereum
    Ethereum (ETH) $ 1,894.16
    tether
    Tether (USDT) $ 0.999873
    bnb
    BNB (BNB) $ 307.23
    usd-coin
    USD Coin (USDC) $ 0.999148
    xrp
    XRP (XRP) $ 0.5209
    staked-ether
    Lido Staked Ether (STETH) $ 1,892.97
    cardano
    Cardano (ADA) $ 0.37666
    dogecoin
    Dogecoin (DOGE) $ 0.072734
    solana
    Solana (SOL) $ 21.17
    matic-network
    Polygon (MATIC) $ 0.900485
    tron
    TRON (TRX) $ 0.08166
    litecoin
    Litecoin (LTC) $ 96.53
    polkadot
    Polkadot (DOT) $ 5.28
    binance-usd
    Binance USD (BUSD) $ 0.999375
    shiba-inu
    Shiba Inu (SHIB) $ 0.000009
    avalanche-2
    Avalanche (AVAX) $ 14.52
    dai
    Dai (DAI) $ 0.999245
    wrapped-bitcoin
    Wrapped Bitcoin (WBTC) $ 27,216.29
    uniswap
    Uniswap (UNI) $ 5.08
    leo-token
    LEO Token (LEO) $ 3.59
    chainlink
    Chainlink (LINK) $ 6.40
    cosmos
    Cosmos Hub (ATOM) $ 10.69
    okb
    OKB (OKB) $ 46.02
    monero
    Monero (XMR) $ 147.02
    the-open-network
    Toncoin (TON) $ 1.74
    ethereum-classic
    Ethereum Classic (ETC) $ 18.18
    stellar
    Stellar (XLM) $ 0.092274
    bitcoin-cash
    Bitcoin Cash (BCH) $ 115.06
    internet-computer
    Internet Computer (ICP) $ 4.82
    filecoin
    Filecoin (FIL) $ 4.90
    true-usd
    TrueUSD (TUSD) $ 0.999591
    lido-dao
    Lido DAO (LDO) $ 2.30
    aptos
    Aptos (APT) $ 8.95
    quant-network
    Quant (QNT) $ 115.10
    hedera-hashgraph
    Hedera (HBAR) $ 0.050758
    arbitrum
    Arbitrum (ARB) $ 1.23
    crypto-com-chain
    Cronos (CRO) $ 0.059392
    near
    NEAR Protocol (NEAR) $ 1.62
    vechain
    VeChain (VET) $ 0.01994
    the-graph
    The Graph (GRT) $ 0.128642
    apecoin
    ApeCoin (APE) $ 3.13
    algorand
    Algorand (ALGO) $ 0.152472
    the-sandbox
    The Sandbox (SAND) $ 0.568758
    eos
    EOS (EOS) $ 0.912693
    paxos-standard
    Pax Dollar (USDP) $ 0.998965
    frax
    Frax (FRAX) $ 0.997022
    elrond-erd-2
    MultiversX (EGLD) $ 38.08
    rocket-pool
    Rocket Pool (RPL) $ 49.28
    optimism
    Optimism (OP) $ 1.48
    render-token
    Render (RNDR) $ 2.58
    aave
    Aave (AAVE) $ 63.46
    fantom
    Fantom (FTM) $ 0.32077
    decentraland
    Decentraland (MANA) $ 0.488939
    blockstack
    Stacks (STX) $ 0.617781
    tezos
    Tezos (XTZ) $ 0.917535
    theta-token
    Theta Network (THETA) $ 0.839535
    rocket-pool-eth
    Rocket Pool ETH (RETH) $ 2,033.78
    axie-infinity
    Axie Infinity (AXS) $ 7.18
    immutable-x
    ImmutableX (IMX) $ 0.795577
    flow
    Flow (FLOW) $ 0.731438
    havven
    Synthetix Network (SNX) $ 2.35
    usdd
    USDD (USDD) $ 0.998365
    neo
    NEO (NEO) $ 10.54
    gala
    GALA (GALA) $ 0.030395
    bitdao
    BitDAO (BIT) $ 0.497617
    kucoin-shares
    KuCoin (KCS) $ 7.42
    whitebit
    WhiteBIT Token (WBT) $ 4.91
    curve-dao-token
    Curve DAO (CRV) $ 0.848745
    radix
    Radix (XRD) $ 0.06768
    bitget-token
    Bitget Token (BGB) $ 0.464791
    injective-protocol
    Injective (INJ) $ 8.02
    bitcoin-sv
    Bitcoin SV (BSV) $ 32.88
    gatechain-token
    Gate (GT) $ 4.45
    maker
    Maker (MKR) $ 675.65
    klay-token
    Klaytn (KLAY) $ 0.185546
    conflux-token
    Conflux (CFX) $ 0.272508
    gemini-dollar
    Gemini Dollar (GUSD) $ 1.00
    iota
    IOTA (MIOTA) $ 0.204228
    bittorrent
    BitTorrent (BTT) $ 0.00000059188558
    kava
    Kava (KAVA) $ 1.01
    pepe
    Pepe (PEPE) $ 0.000001
    chiliz
    Chiliz (CHZ) $ 0.101768
    tokenize-xchange
    Tokenize Xchange (TKX) $ 6.44
    pax-gold
    PAX Gold (PAXG) $ 1,950.25
    casper-network
    Casper Network (CSPR) $ 0.046204
    mina-protocol
    Mina Protocol (MINA) $ 0.546259
    xdce-crowd-sale
    XDC Network (XDC) $ 0.035844
    terra-luna
    Terra Luna Classic (LUNC) $ 0.000085
    sui
    Sui (SUI) $ 0.93571
    compound-ether
    cETH (CETH) $ 38.17
    gmx
    GMX (GMX) $ 55.78
    dash
    Dash (DASH) $ 42.61
    tether-gold
    Tether Gold (XAUT) $ 1,946.93
    huobi-token
    Huobi (HT) $ 2.94
    ecash
    eCash (XEC) $ 0.000025
    frax-share
    Frax Share (FXS) $ 6.54
    trust-wallet-token
    Trust Wallet (TWT) $ 1.07
    frax-ether
    Frax Ether (FRXETH) $ 1,892.33
    woo-network
    WOO Network (WOO) $ 0.23986