Renowned trader and market analyst, Michaël van de Poppe, has made their price prediction for Bitcoin and Ethereum during the current bull cycle.
In a recent tweet, van de Poppe said it is difficult to predict bitcoin’s price in the short term due to the effects of unforeseen market factors, such as Elon Musk’s favor for BTC. However, the veteran trader predicts Bitcoin will continue to accumulate in preparation for a new up move.
In an earlier tweet, van de Poppe argued that predicting bitcoin over the short term was really tough.
Finally, Van de Poppe predicts the price will retest the $ 40,000 threshold and establish a new ATH, before initiating the bull cycle towards the $ 300,000 or higher zone.