Subscribe to our Telegram channel

Michael van de Poppe — BTC will cost $ 100,000 in December

1:40 pm, November 1, 2024

Crypto analyst Michael van de Poppe predicts that Bitcoin SOL $244.61 Solana 2.98% Market capitalization $116.09 billion VOL. 24 hours $1.58 billion could reach a six-figure price by December 2024. According to his estimates, if BTC maintains support at $ 70,000, its price will grow by 10−38%, reaching $ 80,000 in November and $ 90,000 or even $ 100,000 by the end of the year.

Currently, the price of BTC is sinking to $ 69,360 per coin, a 4% daily regression.

The expert noted that BTC is currently consolidating, preparing for a new record growth, and if it stays above the key level of $ 70,000, investors can expect further growth. At the same time, he foresees positive dynamics for Ethereum (ETH), which could rise to $ 3,000 if the support at $ 2,300 remains stable.

For the ETH/BTC pair, van de Poppe expects a potential decline of 15%, provided that the bearish divergence persists, which could bring ETH/BTC down to 0.031 BTC from the current 0.0359 BTC.

Earlier, De Poppe predicted that the flagship of the crypto market was caught in a «perfect storm,» which could lead to a significant increase in its rate. According to the expert’s preliminary forecasts, by the end of 2024, bitcoin could reach $ 192,000, and in 2025 — even $ 600,000. This rapid growth is due to the weakening labor market in the United States and the growing distrust of traditional financial institutions.

Subscribe to our Telegram channel

BTC

$97,734.15

4.16%

ETH

$3,302.85

6.91%

BNB

$620.87

1.58%

XRP

$1.12

1.50%

SOL

$244.61

2.98%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more