Prominent trader and crypto analyst Michaël van de Poppe is outlining why he believes Bitcoin’s current bull cycle will catapult BTC to as high as $300,000.
In a new video, the crypto strategist explains to his 20,600 subscribers why he thinks the leading crypto asset could blow past expectations.
“What the majority of the people are expecting at this point which is something about $100,000 to $200,000 is probably going to be broken to the upside given [that] of human psychology or market psychology and market cycles. If you go back in history, then you know that the people [who] were expecting a bull run to occur in 2015, 2016, would have never bet a price level of $20,000 per Bitcoin.”
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Van de Poppe highlights that markets tend to be irrational as it goes through a boom cycle. He uses Apple’s stock (AAPL) as an example. According to the trader, AAPL accelerated continuously after recovering from the dot-com