A widely followed crypto trader is updating his outlook on king crypto Bitcoin (BTC) for the first year of a bull cycle.
In a new video strategy session, crypto analyst Michaël van de Poppe tells his 161,000 YouTube subscribers that Bitcoin could soar by 50% from its current value.
“We’ve witnessed a one-year bear market. We’ve witnessed the one-year accumulation. And now we’re getting ourselves into the period of the first year of the bull cycle (which is purple) which means that most likely the high is going to be around $50,000 to $55,000.”
Source: Michaël van de Poppe/YouTube
Looking at his chart, the trader believes BTC is repeating a four-year cycle pattern, when there is a bear market period, an accumulation period, a first-year