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- Crypto analyst Michaël van de Poppe has offered his insights on the current state of Bitcoin and the overall crypto market.
- According to van de Poppe, Bitcoin is trading within a narrow range and could potentially rise to between $70,000 and $72,000 if it surpasses the $63,000 level.
- The analyst also commented on Bitcoin dominance, claiming it peaked at 57.50%, and shared his focus on the altcoin side.
Crypto analyst Michaël van de Poppe provides an overview of Bitcoin, Ethereum, and altcoins, predicting potential market movements and trends.
Bitcoin’s Trading Range and Potential Rise
Michaël van de Poppe, a renowned crypto analyst, has provided an overview of Bitcoin, Ethereum, and altcoins. According to his analysis, Bitcoin is currently trading within a narrow range. If it surpasses the $63,000 level, it could potentially rise to between $70,000 and $72,000.
Bitcoin Dominance and Altcoin Focus
Van de Poppe also shared his insights on Bitcoin dominance, claiming that the metric peaked at 57.50%. He added that his focus is currently on the altcoin side of the market. The analyst believes that Bitcoin’s price moves in 4-year cycles, and we are currently in a cycle that could last until late 2026 or possibly 2027. He also suggests that a crisis could occur in the crypto market after this cycle.
Altcoin Market Value and Bitcoin Pairs
In his evaluation of the total market value of altcoins, van de Poppe stated that there has been a normal correction in terms of dollars in this chart. However, he argued that the correction has deepened in Bitcoin pairs.
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Conclusion
At the time of writing, Bitcoin is trading at $60,972 and has lost 4.32% of its value in the last week, with a loss rate of 8.82% in the last month. Critical data from the US in the coming week could potentially impact the fate of Bitcoin and the crypto market. As always, these insights are not investment advice, but rather an expert analysis of current market trends.
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