Popular crypto analyst Michaël van de Poppe believes that Bitcoin’s future gains this cycle could eclipse the progress BTC has already made.
Van de Poppe tells his 753,500 followers on social media platform
“The rainbow graph shows the following:
- The last cycle should have gone up much more (did not reach the extreme phase).
- If time passes and this cycle is longer for #Bitcoin, the price automatically increases.”
Source: Michaël van de Poppe/X
Bitcoin is trading at $105,865 at the time of writing. The leading crypto asset set a new all-time high of $107,822 on Monday.
Van de Poppe also says that altcoin markets are “ready for their next wave.”
“The game plan is to stay in positions as this is the time to maximize returns. This could mean that your positions, depending on your risk appetite, will result in a potential return of 3 to 5 times BTC valuations.
Why is that a case? Well, most altcoins have literally not broken out yet as they are still in the accumulation zone on their Bitcoin pair. That’s a great sign if you’re currently assigned and ready for the next big step.
However, it will be important to start taking profits from the next move as the streak will be volatile with multiple declines like we have seen last week.”
Image generated: Halfway through the trip
