Benzinga verify icon

3W
...

Bitcoin Struggling But ‘Perfect Storm’ Will Take It To $500,000, Ethereum To $20,000, Trader Predicts

Crypto analyst Michaёl van de Poppe urges investors to hold their crypto assets, emphasizing that Bitcoin BTC/USD is fairly valued while altcoins remain heavily undervalued.

What Happened: Van de Poppe highlighted on Wednesday on X that the crypto market is currently experiencing one of the most extreme bearish sentiments in its history, following a prolonged period of capitulation.

Many altcoin investors have suffered major losses over the past 6-12 months, but he believes the tide is turning.

Despite market skepticism, Bitcoin breaking past $150,000 is a realistic scenario, with many underestimating the potential for exponential growth.

The fear of diminishing returns,…

Read more on Benzinga

76.8K Reads