Home » Bitcoin » Bitcoin Price Could Skyrocket to $500K, Altcoins Set to Follow

Bitcoin Price Could Skyrocket to $500K, Altcoins Set to Follow

18.12.2024 8:00 1 min. read Alexander Zdravkov
SHARE: SHARES
Bitcoin Price Could Skyrocket to $500K, Altcoins Set to Follow

Crypto analyst Michaël van de Poppe envisions significant growth for Bitcoin in the current cycle, projecting gains that could far surpass its previous milestones.

Van de Poppe suggested Bitcoin could potentially soar to $500,000 during this cycle.

He referenced the rainbow chart, explaining that the previous cycle didn’t reach its expected peak. According to him, as time progresses and cycles lengthen, Bitcoin’s price tends to rise naturally.

Currently, Bitcoin is trading at $106,050, with a recent record high of over $108,000 set on Monday.

Van de Poppe also expressed optimism about altcoins, suggesting they’re on the verge of a major breakout. He advised sticking with current positions to maximize returns, estimating potential gains of 3-5x in Bitcoin value for those holding altcoins.

He highlighted that many altcoins remain in accumulation phases against Bitcoin, signaling an opportunity for significant upward movement. However, he cautioned that the upcoming rally could be highly volatile, with sharp corrections similar to those witnessed recently, making it crucial for investors to strategically take profits during the climb.

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

Telegram

SHARE: SHARES
More Altcoins News

First-Ever Staked Crypto ETF Set to Launch in the U.S. This Week

A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.

01.07.2025 9:00 2 min. read Kosta Gushterov

XRP Price Prediction: Can XRP Hit $4 After XRPL EVM Sidechain Launch?

XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]

30.06.2025 22:06 3 min. read Alejandro Ar

Ethereum Launches Onchain Time Capsule to Mark 11th Anniversary in 2026

A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.

30.06.2025 19:00 1 min. read Kosta Gushterov

Ethereum Accumulation Surges While U.S. Politics Stir Market Uncertainty

A new CryptoQuant report highlights a growing divergence between long-term Ethereum holders and short-term Bitcoin buyers, with significant accumulation behavior unfolding in both markets amid increasing political and economic tension in the U.S.

30.06.2025 18:00 2 min. read Kosta Gushterov
No Comments yet!

Your Email address will not be published.