An influential crypto analyst is changing his tune on Bitcoin (BTC) as the leading digital asset remains above $70,000.
During a recent analysis session, trader Michaël van de Poppe shared with his large following on X that he believes Bitcoin could experience a price surge of 10% to 38% by the end of the year.
“In less than two to four weeks, we have approached Bitcoin’s all-time high. What comes next? I predict $80,000 in November, $90,000 to $100,000 in December.”
Bitcoin is currently priced at $70,258, around 4.7% below its peak of $73,800 earlier this year.
Van de Poppe suggests that Bitcoin, the top cryptocurrency by market cap, is consolidating before embarking on a new all-time high rally.
“As long as we hold above $70,000, the party continues.”
Van de Poppe also shared his insights on Ethereum (ETH), the top altcoin. He predicts that Ethereum could surge by over 13% in November after holding support around $2,300.
“Ethereum absorbed the liquidity and returned to resistance. I anticipate a breakthrough in the next one to two weeks, leading to $3,000+ in November.”
Ethereum is currently trading at $2,522, reflecting a 5% decrease in the last 24 hours.
Regarding the Ethereum/Bitcoin pair (ETH/BTC), van de Poppe notes a potential bearish divergence on the daily chart, indicating a possible 15% drop to 0.031 BTC if the trend continues.
ETH/BTC is currently valued at 0.0359 BTC.
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