NEAR Protocol Could Surge 275% and Bitcoin Eyeing $60,000

A prominent crypto analyst is forecasting a significant breakout for NEAR Protocol (NEAR).

Crypto trader Michaël van de Poppe predicts that NEAR could surge by 275% over the next six months.

The markets are shaping up for a reversal.$NEAR has retested a crucial area for support and seems likely to hold from here.

As long as $2.75-3.40 holds, I assume we’ll see $15 in the next 3-6 months. pic.twitter.com/H4JdKtCVky

— Michaël van de Poppe (@CryptoMichNL) September 10, 2024

He notes that NEAR is showing signs of a strong support level, and if it holds between $2.75 and $3.40, a rise to $15 is expected within that timeframe.

Additionally, the analyst anticipates Bitcoin (BTC) could soon revisit the $60,000 mark. He suggests that after a brief retest of $55,000-$55,500, Bitcoin may climb to $60,000-$61,000 in the near future.

READ MORE:

Global Crypto Activity Surges in 2024, Boosted by U.S. Bitcoin ETFs

The analyst believes the crypto market’s downturn could be ending, with a potential rise for many altcoins relative to Bitcoin on the horizon.

#Bitcoin did invalidate my bearish setup and broke through $56K.

I’d like to see this scenario play out, have a slight retest at $55-55.5K, and run up from here to $60-61K in the coming week.

It looks good. pic.twitter.com/780y0yzr3D

— Michaël van de Poppe (@CryptoMichNL) September 10, 2024

He suggest that the worst might be over for both altcoins and Bitcoin, noting that many altcoin pairs have been steadily improving. According to him, numerous technical indicators support this view, signaling an optimistic phase ahead for the market.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.