- Michaël van de Poppe predicts Bitcoin could reach $40,000-$45,000.
- Van de Poppe warns of bearish divergence but isn’t overly concerned.
- Analyst to watch Chainlink, Arbitrum, and SEI for potential gains.
In his recent video, esteemed crypto trader and expert Michaël van de Poppe noted that Bitcoin
Van de Poppe cautioned about a bearish divergence present on the BTC chart. Nevertheless, he said he is not overly concerned about a BTC pullback. The analyst further noted that unless the cryptocurrency shows a pattern of lower lows, there might not be a cause for alarm.
He further mentioned that BTC’s charts exhibit a distinct ascending trend, as evidenced by successive higher lows and higher highs in recent weeks. If the foremost digital currency escalates to a range of $40,000 to $45,000, he predicts a subsequent decline to $39,000 coinciding with the halving event scheduled for April of the following year.
As of the time of reporting, Bitcoin (BTC) was traded for $37,367.17. This followed a decline of 1.16% over the last 24-hour trading period. However, over the past week, Bitcoin’s value saw a slight uptick of 0.37%, as per the information provided by CoinMarketCap.
Van de Poppe further noted his intention to monitor three alternative cryptocurrencies closely. He pointed out Chainlink
In the coming days, the analyst pointed out that ARB may replicate the price fluctuations of Ethereum
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
