Wednesday, May 5, 2021

Crypto Michael Outlines His Price Prediction for Bitcoin and Ethereum for Current Bull Cycle

Crypto trader and analyst, Michaël van de Poppe, popularly known as Crypto Michael in the industry, has recently outlined his price predictions for the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), for the current bull cycle.

In a tweet a few days ago, Crypto Michael said it’s difficult to predict the price of Bitcoin (BTC) in the short-term due to the influence of unforeseen market factors, such as the recent endorsement of the flagship cryptocurrency by the Tesla CEO, Elon Musk.

Read Also: Twenty-Third Largest Bitcoin Whale Moved $1,037,873,690 in BTC for Just $5.06

However, the top trader predicted that Bitcoin (BTC) would continue to consolidate ahead of a new parabolic movement.

Read Also: UK Investment Manager Dumps Half BTC Holdings after $750M Profit in Less than Two Months

Crypto Michael ultimately predicted the price would retest $40,000 and a new all-time high, before topping in the cycle at $300,000 or more.

Read Also: Bitcoin (BTC) Loses $30,000 Support, Erasing Almost All of 2021’s Gains. Here’s why

Van de Poppe was bullish on the outlook for Ethereum (ETH) during the current market cycle, predicting its price increase could rival Bitcoin in terms of percentage gains.

Read Also: UK Investment Manager Dumps Half BTC Holdings after $750M Profit in Less than Two Months

The crypto strategist predicted the price of ETH would pump following a listing on CME Futures. He also said he hoped the market would undergo a correction of 40% before either Bitcoin or Ethereum rally to their cycle tops.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

Related Articles

Latest Articles