Crypto analyst Michael van de Poppe has recently shared his latest Bitcoin price prediction on X. Van de Poppe has now set his sights on new heights for the flagship cryptocurrency.
In a recent post, the analyst expressed confidence that Bitcoin has concluded its corrective phase and is primed to test the $47,000-$50,000 range soon.
Van de Poppe’s optimism stems from a critical market development: the potential approval of spot BTC exchange-traded fund (ETF) by major financial entities like BlackRock, Fidelity, and Ark Investment. This anticipated move, widely supported by industry experts, could catalyze BTC’s leap.
The SEC’s expected nod in early January could unlock unprecedented market dynamics, propelling Bitcoin to new highs.
#Bitcoin did test the lows, didn’t take the liquidity beneath the lows.
Anyway, correction seems over and pre-ETF we’re likely to test $47-50K.
Buy the dips. pic.twitter.com/Ar4mqvYRjJ
— Michaël van de Poppe (@CryptoMichNL) December 19, 2023
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