Analyst Michael Van De Poppe: Bitcoin Could Rise by Up to 890% in This Cycle 😱🔔🔥🚀✅

A prominent cryptocurrency analyst believes that Bitcoin (BTC) could surge by triple digits before the cycle ends. 🩸

Cryptocurrency trader Michiel Van De Poppe tells his 724,700 followers on the social platform X that Bitcoin could rise by up to 890% of its current value if investors choose the leading digital asset as a hedge against geopolitical tensions, bank instability, and currency devaluation. 🩸

The current value of Bitcoin is still very low. I wouldn’t be surprised if it reaches $300,000-600,000 in this cycle.”

The analyst says that the TOTAL3 chart looks ready to breakout against the leading digital asset by market cap (TOTAL3/BTC). The TOTAL3 chart tracks the market cap of all crypto assets except Bitcoin, Ethereum (ETH), and stablecoins. 🩸

There is a massive bullish divergence on the weekly timeframe for TOTAL3/BTC (the market cap of altcoins is denominated in Bitcoin). I assume this will be even stronger in the coming period in terms of price action.”

According to the analyst, TOTAL3/BTC is showing a bullish divergence on the weekly timeframe along with the Relative Strength Index (RSI), which is a momentum indicator. Bullish divergence usually indicates that a reversal is on the horizon.$BTC 🔥