Prominent crypto trader Michaël van de Poppe forecasts a significant bull run in the cryptocurrency market following the Federal Reserve’s upcoming rate announcement, citing strong altcoin performance and improving market sentiment.
Results for: Bull Run
Cryptocurrency analyst Michaël van de Poppe believes a major Bitcoin crash isn’t imminent despite recent market corrections. He views the current situation as a normal correction within a broader bull run expected to continue until 2026. Van de Poppe emphasizes that Bitcoin’s performance against the U.S. dollar should be considered in the context of inflation and its historical performance against other assets like the S&P 500.
Veteran investor Mark Yusko predicts a major influx of institutional money into Bitcoin, potentially driving the next bull run. He expects financial advisors and wealth managers to pour billions into the cryptocurrency, pushing prices to six figures by early next year. Yusko remains optimistic despite regulatory challenges, highlighting Bitcoin’s decentralized nature and its potential to revolutionize global finance.
Bitcoin analyst Benjamin Cowen suggests that the current Bitcoin market may be mirroring patterns observed in 2019, raising concerns about an immediate bullish run. Cowen emphasizes the importance of analyzing market indicators, particularly during downtrends, and highlights the potential for a prolonged period of consolidation. He believes that the market may follow a similar pattern to 2019, characterized by a period of recovery before the indicator bottoms out. Despite the recent market volatility, Cowen remains cautious and advises investors to remain informed and make decisions based on comprehensive data analysis.