Renowned crypto analyst Michaël van de Poppe has shared his latest views on the cryptocurrency market, predicting a significant move for Bitcoin and altcoins as September progresses.
“I think we will see a liquidity sweep for Bitcoin and a small consolidation,” Van de Poppe said in a statement. He remains cautious, describing September as a “weak” month for crypto markets. However, he remains bullish, predicting a breakout above $62,000 for Bitcoin in late September or early October.
Van de Poppe also noted the bottoming out process for altcoins, hinting that the worst may be over. “A fair guess is that the crypto market cap has bottomed,” he said. This view aligns with his broader assessment of the crypto space, which he believes has survived the standard bull market correction.
Global liquidity expansion is another factor fueling Van de Poppe’s optimism. “Bitcoin followed the plan and is in the next resistance zone. Returning to $60,000 is a good sign for the markets,” Van de Poppe said, adding that if the market stays above the $56,000 to $57,000 range, a new move towards the all-time high (ATH) could occur as early as October.
*This is not investment advice.