"High Potential for Breakout": Prominent Analyst's BTC & ETH Price Predictions

Dive into the detailed analysis of BTC and ETH prices by expert Michaël van de Poppe. Learn why Bitcoin is poised for a breakout and Ethereum's expected rise.

Understand the dynamics driving their potential surge in value and what to anticipate in the coming months.

Is a Further Increase in BTC Price Imminent?

Bitcoin's (BTC) price, having risen to $38,000 on the 9th of last month, has since remained around that level.

However, cryptocurrency analyst Michaël van de Poppe has stated, "There is a very high possibility of a breakout in Bitcoin."

In a post dated November 29, he mentioned that "Bitcoin is updating to a higher low," indicating an upward trend and repeated testing of the resistance line near $38,000.

Although some predict a short-term decline in BTC price due to its current stagnation, Michaël van de Poppe suggests that the current situation of Bitcoin indicates a very high likelihood of a breakout.

As of the time of writing this article, Bitcoin is still hovering around $38,000, but van de Poppe predicted on the 29th that "Bitcoin might reach $45,000 to $50,000 before the ETF approval and the halving."

Continued Price Rise Expected for ETH

In a post dated November 27, Michaël van de Poppe expressed his personal expectation that "the price rise of ETH will continue as well."

Although Ethereum (ETH) has been unable to break through the barrier near $2,100 for an extended period, he mentioned that "ETH is trying to break out of its range, making a drop to $1,800 to $1,900 a good entry line."

He also highlighted the next target price range for Ethereum, which is between $3,100 and $3,600.

Despite various predictions on cryptocurrency prices, many experts anticipate a rise in BTC and ETH prices.

There is a growing expectation for future price increases, with numerous opinions suggesting that "BTC price will surpass $40,000 by December 2023."