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.

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.