While the leading cryptocurrency Bitcoin rose to the $ 44,000 level again, a new prediction for BTC and altcoins came from popular analyst Michael van de Poppe.
Stating that at this point BTC is struggling to go up, that is, to rise, the analyst predicted that BTC could rise between $ 48,000 and $ 51,000 before the spot Bitcoin ETF is approved.
Explaining his thoughts about the altcoin rally, Poppe stated that BTC will reach its peak in January and after this peak, the money in BTC will flow to altcoins.
“Bitcoin is struggling to continue moving upwards at current levels.
I expect Bitcoin to reach $48,000 – $51,000 before ETF approval. “At the same time, I expect Bitcoin to reach a peak in January where money will rapidly flow towards altcoins.”
#Bitcoin fighting to continue going upwards here.
I'm expecting $48-51K pre-ETF to be reached, but also a peak on Bitcoin in January, through which money quickly shifts towards #Altcoins. pic.twitter.com/dnrluz5U9G
— Michaël van de Poppe (@CryptoMichNL) December 21, 2023
In his recent analysis, Poppe said that the correction in Bitcoin was over and that Bitcoin would rise to $47,000-$50,000 before ETF approval.
BTC continues to trade at $43,470 at the time of writing.
*This is not investment advice.
