Michael van de Poppe: BTC will reach $ 100,000 after halving

Cryptocurrency analysts are optimistic about the price trajectory of bitcoin BTC $62,665.94 Bitcoin -0.36% Market capitalization $1.24 trillion VOL. 24 hours $1.27 billion , which will maintain a positive vector until the upcoming halving in April this year. Forecasts point to a potential surge in value after the miner reward is halved, with estimates ranging from an average peak price of $ 87,800 to $ 100,000 or more.

The expected price increase is supported by a potential decline in bitcoin inflation after the halving, which is historically considered a catalyst for bullish momentum in the cryptocurrency market.

Meanwhile, experienced analyst Michael van de Poppe outlines three potential scenarios for the medium-term future of bitcoin. The first is the continuation of bullish growth, when the market leader reaches the staggering $ 100,000 mark before or after halving.

Thesecond scenario assumes a more measured growth when the price of the main cryptocurrency stabilizes at current levels. The third is a correction phase. If that happens, De Poppe suggests $ 52,000 and $ 45,000 as potential support levels for bitcoin, areas where the price could find buyers and bounce back.

According to analytical tracker CoinMarketCap, at the time of writing, bitcoin is trading at $ 69,483. The total number of coins circulating on the market is $ 1.36 trillion. Traders have made daily trading deals worth $ 25.8 billion. The market share of BTC is 51.8%.