Michael van de Poppe: Bitcoin bull run will take place in February

Analyst Michael van de Poppe predicts that in February, bitcoin BTC $95,838.41 Bitcoin -0.93% Market capitalization $1.9 trillion VOL. 24 hours $0.92 billion may reach a new historical high if its rate remains above $ 93,000. At the same time, CryptoQuant experts note that a decline in financing rates for futures contracts could signal a new growth.

The Bitsgap platform drew attention to the price rebound from the $ 92,000 level and the «engulfing» pattern, which indicates the strength of buyers. However, the overall situation on the market remains flat, i.e. without a clear trend.

QCP Capital experts advise investors to keep an eye on the US-China tariff negotiations and the statements of the «crypto czar» David Sachs, which can significantly affect the rate of the flagship crypto market.

In turn, Standard Chartered Bank predicts that the main cryptocurrency may rise to $ 112,000−130,000 over the next two months due to increased institutional investment and changes in market sentiment.