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Renowned crypto analyst and trader Michael Van de Poppe shared a Bitcoin chart and bullish short-term price prediction.
The prediction comes after the world’s largest cryptocurrency by market capitalization has rebounded more than 7% in the past two days, at one point approaching $98,000.
Bitcoin could test $100,000 within days, says Poppe
Michael van de Poppe shared a BTC chart and said that BTC’s weekly performance is great. Since Monday, the Pioneer cryptocurrency has gained 7.25%, surging from around $90,700 and reaching the $97,270 zone today.
“I wouldn’t be surprised if it tests $100,000 in the coming days,” Poppe said.
Tom Lee says Bitcoin could plummet to $50,000
Tom Lee, Fundstrat’s chief expert, spoke at CNBC studios earlier this week. As for what will happen to Bitcoin in the near future, Lee and Fundstrat’s technology analysts said they expect Bitcoin to fall to the $70,000 level. Regarding Bitcoin trading above the $90,600 zone earlier this week, he called it a “normal 15% correction” for a volatile asset like BTC.
However, he cited another scenario in which Bitcoin could fall to $50,000 and push up from there to start rising again. Overall, Lee believes BTC will be one of the best-performing assets this year, likely reaching $250,000 by the end of 2025.
Currently, Bitcoin has recovered and is toggling at $98,400, marking a large green candlestick on the hourly chart. The recovery is slowing with news that the next U.S. president has decided to change the way he deals with trade tariffs and the upcoming release of key inflation indicators, the CPI and PPI, which are expected to rise from December. It has begun.
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MicroStrategy Delivers Huge BTC Yields to Holders
On Tuesday, MicroStrategy business giant’s founder and executive chairman Michael Saylor tweeted that over the past week, MSTR’s financial activity has generated 1,440 BTC in profits for MSTR holders, equivalent to $138.2 million. (Considering Tuesday’s exchange rate of $96,000). Tweet published).
This represents an increase of 0.32 BTC compared to the total amount of approximately 450,000 Bitcoin owned by MicroStrategy after two previous significant BTC purchases announced in January.
