Home Bitcoin News Cryptanalyst Expects Bitcoin to Grow to $70,000 and Altcoin Rally

Cryptanalyst Expects Bitcoin to Grow to $70,000 and Altcoin Rally

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Crypto News

A well-known cryptanalyst sees the fourth quarter as volatile, while he believes that Ethereum will complete the cycle with a massive rally paired with bitcoin.

Cryptostrategist Michael van de Poppe informed his 443,300 Twitter followers that in the coming months Ethereum has every chance to grow by 200% paired with bitcoin (ETH/BTC).

At the same time, van de Poppe notes that an altcoin rally may begin in December, since the last month of the year has historically been a good month for buying any digital assets other than bitcoin.

December was often the best time to buy altcoins. If history repeats, we can get a 200% increase in ETH/BTC towards ATH (historical maximum), but first – a stronger correction…

Cryptanalyst Expects Bitcoin to Grow to 70000 and Altcoin Rally

Despite the fact that in the short term, van de Poppe adheres to a bearish view of altcoins, in the future, in his opinion, digital assets will follow the example of bitcoin.

Having evaluated bitcoin, van de Poppe outlined a price movement schedule for the largest crypto asset in the coming weeks:

We still don’t see strength in the altcoin market. It’s not the right time for them yet, and I guess Bitcoin will first… test $70,000. This will happen within a month… then there will be a new historical maximum and a transition to the end of the bullish cycle.

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