Striking comment for Bitcoin: “It will run to $300,000”

Crypto analyst Michaël van de Poppe shared a striking scenario for the Bitcoin (BTC) price. The scenario in question pointed to six-digit price levels.

The leading cryptocurrency has fallen by nearly 2 percent in the last 24 hours. BTC faced buying pressure after touching an important support level of $66,800. BTC, which tried to hold on to $67,000 with the rise from the support level, made crypto investors nervous. Analysts shared their views that a potential correction has begun.

Michaël van de Poppe, the founder of MN Consultancy, argued that BTC will decline under the name of correction. The analyst made the following statements;

“I think $64-65,000 is possible. If we get there, this is an ultimate dip buying opportunity.”

Poppe predicted that BTC would reach six-digit prices after successfully overcoming the correction.

The analyst has full faith in the Bitcoin bull

Crypto analyst Michaël van de Poppe stated that Bitcoin has not made a rise that will meet expectations, but continues its accumulation phase. According to the analyst, the accumulation of whales and the decreasing BTC supply on central exchanges are among the most important signals of the rise.

The analyst thinks that the US elections and the next Fed meeting will negatively affect the BTC price. Poppe, who said that these two factors will trigger profit sales, claimed that BTC will lose nearly 5 percent of its value. According to the analyst, declines will offer a buying opportunity.

Poppe, who predicted that the global economy will go through difficult days, claimed that $BTC will diverge positively and rise. The analyst made the following sentences;

“The elections and the Fed meeting will lead to the last correction before a new all-time high (ATH). Whale activity is increasing in Bitcoin and more accumulation is being made. “This is a great sign for $BTC , I think we will reach a peak between $300k and $500k.”

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