Cryptocurrency analyst Michael van de Poppe emphasizes that Bitcoin will continue its current uptrend and its price could increase significantly in the coming years. The analyst predicts that Bitcoin could reach $500,000 by 2026, despite short-term fluctuations in this cycle.$BTC
Van de Poppe’s predictions are based on an analysis model called the Rainbow Logarithmic Growth Channel (LGC). This tool helps predict Bitcoin’s past cycle bottoms and tops. The chart suggests that price targets could move higher over time. The analyst notes that the $500,000 target is a level that aligns with this model.
Van de Poppe says the rainbow colors on the chart are effective in showing market sentiment. According to the analysis, the failure to reach the expected peak levels in the previous cycle indicates that Bitcoin’s next bullish period could be much stronger.
In addition to Bitcoin, Van de Poppe also offers a positive outlook for altcoins. The analyst states that global economic factors can be effective in the appreciation of altcoins. He emphasizes that the weakening in the labor market in particular can trigger an increase in altcoins.
He also stated that altcoins are in a long-term bull cycle and that this process can offer investors great earning opportunities. He also stated that he does not agree with pessimistic views about the future of altcoins.
In a period when fluctuations in the cryptocurrency market are inevitable, it is emphasized that investors should be patient and monitor the market carefully. Experts state that movements in Bitcoin and altcoins will be affected by global economic conditions and this situation will continue to shape the market.