Bitcoin Bull Market Persists Despite Recent Correction
- Michaël van de Poppe predicts Bitcoin could reach $250,000 this cycle, a 195% increase from its current value.
- Bitcoin recently corrected to the $80,000 range but is still considered in a bull market.
- The cryptocurrency is currently trading at $84,710.
- Van de Poppe notes that Bitcoin experienced multiple corrections over 30% during the 2017 bull cycle.
- A potential rally could occur if Bitcoin regains $89,000 as weekly support.
Crypto strategist Michaël van de Poppe remains optimistic about Bitcoin’s trajectory, predicting it may reach up to $250,000 despite recent corrections. He emphasizes that such corrections are normal and similar to those seen in previous cycles. Bitcoin is currently valued at $84,710.
Source (2.6)https://dailyhodl.com/2025/02/28/trader-michael-van-de-poppe-says-bitcoin-bull-market-isnt-over-predicts-btc-could-surge-by-195-this-cycle/?rand=59076
