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Analyst Michael van de Popp predicts Bitcoin will be $100,000 by the end of the month
AnalystconfidentI think the trend is upward: support is at $70k, and if it continues, it will be close to a hundred.
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What is de Popp's conclusion based on?
Van de Popp noted that with the arrival of Republicans in the Senate and the House of Representatives, we should expect regulators to loosen the screws on crypto. In his opinion, the current situation is reminiscent of the 2016-2017 cycle, meaning that a bull market is on the horizon that could put a damper on all the previous ones.
"Bitcoin is confidently holding at $70k, and the chance to reach a hundred by the end of November is very real," he says.said. van de Popp. "Airtime is not far behind: if it breaks through the $3k resistance, it can go to test $3.5k."
DeFi is simply exploding! Uniswap has jumped by 30%, and Compound is not far behind. If Trump doesn't play games and actually supports crypto, the next year will be a firestorm. Let's get ready for that tee hee moon...
Results.
Michael believes that the crypto market is overly influenced by political promises, although in reality, the real weather for it is made by statistics from the US labor market. There are basically half a month left, and we will see if the analyst was right.
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