Bitcoin and Ethereum Predicted to Continue Slumping, While One Altcoin Shows Promising Growth Over Rivals
In the ever-evolving world of cryptocurrencies, renowned analyst Michael van de Poppe is painting a bullish picture for the near future, particularly for Bitcoin and Ethereum. His predictions are based on historical market trends and technical analysis, with some nuances that make for an interesting market outlook.
Bitcoin, the world's leading digital currency, is expected to peak around September or October 2025, according to van de Poppe and other leading analysts. This estimate aligns with historical price cycles linked to halving events. The digital gold has had an impressive year, surging significantly and recently hitting an all-time high of approximately $112,000. However, experts like van de Poppe suggest that the ongoing bull market is nearing its zenith, with potential for some more gains before a significant cooldown begins.
Van de Poppe also forecasts a strong 12 to 24-month bull cycle for the broader cryptocurrency sector. He views the current period as a final easy phase for investors before a more mature market environment.
Turning to Ethereum, van de Poppe highlights a strong bullish technical setup, especially against Bitcoin. Ethereum recently broke an important resistance level in the ETH/BTC trading pair at 0.02425, signalling dominance of buyers and triggering a new bullish push. He points to a textbook cup-and-handle pattern on Ethereum's chart, a classic continuation pattern that suggests further upward momentum once the handle is broken. Ethereum's price target resistance is noted around $4,000 in the near term.
This optimism is supported by the broader altcoin market rally and growing investor interest, with Ethereum leading the charge and possibly sparking further altcoin advances.
However, van de Poppe also warns that Ethereum may decline to the $2,750 level before a trend reversal. This cautionary note underscores the inherent volatility in the cryptocurrency market.
At the time of writing, Bitcoin is trading for $118,856.85, up 1.11%, while Ethereum is at $3,048, up 19% in the last week.
It's important to note that this article does not provide any recommendations for buying or selling cryptocurrencies, nor is it an investment advisor. The Daily Hodl participates in affiliate marketing.
As always, it's crucial to conduct thorough research and consider seeking professional advice before making any investment decisions. The cryptocurrency market can be volatile, and while analysts like van de Poppe provide valuable insights, they are not infallible.
In the broader cryptocurrency landscape, other developments are worth noting. MultiBank Group has sold out 7 million MBG tokens in under one hour during an initial pre-sale. Aster has launched 24/7 stock perpetual contracts trading with exposure to US equities. Allnodes has launched the first Bare Metal Servers powered by AMD Threadripper 9000 Series. The Sandbox has launched the largest LAND sale to date on GBM Auctions. Swarm Network has selected Walrus to power verifiable AI on Rollup.News. Vision (VSN) has been launched as the new standard for user-centric token ecosystems. Snail, Inc. has announced its intent to explore a proprietary USD-backed stablecoin.
In conclusion, van de Poppe's near-future forecast sees Bitcoin possibly peaking a few months from now after a strong rally, and Ethereum continuing an upward surge with technical patterns suggesting breakout and growth likely driven by altcoin market momentum. His analysis is strongly rooted in historical price behaviours that closely follow halving cycles for Bitcoin and technical patterns for Ethereum that indicate bullish continuation. Both assets are likely to experience further gains in the short to medium term before potential market adjustments.
Cryptocurrency investing, particularly in Bitcoin and Ethereum, may witness further gains as renowned analyst Michael van de Poppe predicts a bullish future based on historical market trends and technical analysis. The broader cryptocurrency sector, including altcoins, is forecasted to experience a strong 12 to 24-month bull cycle according to van de Poppe.
