The cryptocurrency market, including the largest asset Bitcoin (BTC), has seen a dip this week. However, according to professional crypto trader Michaël van de Poppe, the next two years could be exceptionally bullish for the flagship decentralized finance (DeFi) asset and the entire crypto industry. In a tweet posted on February 5, van de Poppe predicts that Ethereum (ETH) will outperform Bitcoin and reach new highs.
Van de Poppe also expects Bitcoin to go through a consolidation period before the halving event, but still sees it reaching $48,000. He believes that Ethereum will be positively impacted by the upcoming Dencun upgrade, which is set to go live on the final testnet in the next few days.
In terms of altcoins, van de Poppe notes that the market cap for other assets remains unchanged and has flipped a crucial area at $600 billion for support. He predicts that the market will continue to trend towards $1 trillion.
Meanwhile, Bitcoin is currently priced at $42,825, recording a slight decline of 1.38% on the day. Over the past week, it has dropped by 1.26% and lost 2.9% of its value in the last month.
Looking ahead, van de Poppe believes that Bitcoin could potentially make a massive rally in the short and long term, especially with the hype surrounding the halving event. This could also have a positive impact on the overall crypto market, pushing it towards the coveted $1 trillion market cap.
In conclusion, it is important to note that the content on this site should not be considered investment advice and investing in cryptocurrency is speculative and carries risks.
