- The current Bitcoin bull cycle is going to be “giant,” claimed Michaël van de Poppe.
- Poppe, a prominent crypto analyst, believes altcoins will outperform in the near future.
- He also advised investors to wait for pullbacks of 25% before investing in crypto.
The current Bitcoin (BTC) cycle is going to be ‘giant,’ claims Michaël van de Poppe, a prominent analyst in the digital asset sector, while adding that the pre-halving for BTC is likely in. Poppe took to social media platform X (formerly known as Twitter) to highlight the fact that Bitcoin “never hit ATH pre-halving, but now it did. This cycle is going to be giant, maybe the supercycle.”
It is important to note that, as per CoinGecko, Bitcoin rose to its all-time high of $69,000 after three years on Tuesday, but the price of the virtual currency declined by around 8% not long after. As of 11:28 p.m. ET, the price of BTC stands at $63,620, with a 41.83% surge in trading volume.
While referring to the fall in the price of Bitcoin, Poppe noted that “corrections happen, reality kicks in, and this is probably that part.” He also predicted that altcoins are most likely to outperform BTC i…
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