- Crypto analyst Michaël van de Poppe predicts a catalyst could trigger a Bitcoin bull cycle continuation.
- Bitcoin may soon retest the $28,000 level to conclude its market correction before moving upwards.
- If the Federal Reserve halts interest rate hikes, crypto markets, including Bitcoin, are likely to surge.
Michaël van de Poppe, a renowned crypto analyst, anticipates a catalyst that could spark the continuation of Bitcoin’s bull cycle. In a recent strategy session, he shared with his 162,000 YouTube subscribers that Bitcoin is likely nearing the end of its market correction.
Van de Poppe suggests that the financial markets are not bracing for a recession, which bodes well for Bitcoin. He predicts that Bitcoin may soon retest the $28,000 level to conclude its market correction before making an upward move.
The analyst posits that if the Federal Reserve ceases to raise interest rates to curb inflation, the crypto markets are likely to skyrocket. Several digital assets, including Chainlink (LINK), Ethereum (ETH), Avalanche (AVAX), and Bitcoin, appear ready for lift-off.
“If the end of the hiking policy is going to come around, most likely we’re going to have an upwards turn on the markets,” says van de Poppe. He believes that the ingredients for a market breakout are present; it just needs a trigger to continue. With the Federal Open Market Committee (FOMC), GDP, and hopefully the Personal Consumption Expenditures Price Index (PCE) on the horizon, the Bitcoin bull cycle could resume.
Looking ahead, the future of Bitcoin in the crypto space remains promising. Despite market volatility, Bitcoin continues to innovate and drive adoption. The potential for growth is limitless, and the crypto world is still expanding. As Bitcoin navigates these challenges, its resilience and potential become increasingly evident.
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