Bitcoin’s Bear Phase Ends, Analyst Predicts $75K-$80K Target
- Analyst Michaël van de Poppe claims Bitcoin has established a series of higher lows.
- He forecasts Bitcoin could reach $75,000-$80,000 by March.
- Currently, Bitcoin trades at $68,291, down by 3.7% in the last day.
- Van de Poppe cites a bullish divergence in the BTC vs. Gold chart as technical confirmation.
The end of Bitcoin’s bear phase is significant as it suggests potential upward momentum in the cryptocurrency market. Van de Poppe believes that recent geopolitical tensions have been largely priced in and that smart investors may rotate from gold and silver into equities and Bitcoin.
With Bitcoin showing signs of recovery and a target of up to $80K on the horizon, traders are closely monitoring market movements for further opportunities. (Source)
