Renowned crypto analyst Michaël van de Poppe believes that Bitcoin could reach a price of up to $500,000 in the current market cycle, surpassing its previous achievements.
Why Could Bitcoin Hit $500,000?
Van de Poppe shared with his 753,500 followers on X that, according to his analysis, Bitcoin’s price could rise to half a million dollars during this cycle.
“The Rainbow Chart shows that the last cycle had the potential to go much higher but didn’t reach the extreme phase. If the current cycle extends, Bitcoin’s price will naturally move higher.”
Current Situation: At the time of writing, Bitcoin is trading at $105,865, having set a new all-time high of $107,822 on Monday.
Altcoins Are Ready for Their Next Rally
Van de Poppe also highlighted that altcoins are currently “primed for their next wave” and could deliver significant returns for investors:
“The main strategy is to hold positions because now is the time to maximize profits. Depending on your risk appetite, your positions could yield 3x–5x returns relative to BTC.”
Why Is This Key?
Most altcoins have yet to break key levels and remain in their accumulation phase relative to Bitcoin.
This is a positive signal for investors who are ready for the upcoming surge.
However, Van de Poppe cautions:
“The next step will be crucial. It’s important to start realizing profits because the market will be volatile and include a series of sharp corrections, similar to what we saw last week.”
Conclusion
According to Michaël van de Poppe, an extended market cycle could help Bitcoin achieve $500,000. At the same time, altcoins present a significant growth opportunity as they remain in the accumulation phase. Success will depend on patience and timing profit-taking, as the market is expected to experience fluctuations and volatility.
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