Two popular crypto analysts Michael van de Poppe and Willy Woo, have predicted different but strong price targets on BTC. As The Daily Hodl noted, Van de Poppe thinks BTC would trade between $40,000 and $60,000 by the end of December 2021.
However, Woo, who is a former partner at Adaptive Capital, said a $200,000 price prediction on BTC “looks conservative.” He also added that “300k [is] not out of the option.”
Agreeing with Woo, Van de Poppe said that that Bitcoin would trade higher but not in 2021. Specifically, he said BTC would climb $200,000-$400,000 in late 2023 to 2024.
On the 1st of December, Van de Poppe said In a tweet:
“I’ve never been so bullish for 2021. This re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.”
In addition, Van de Poppe said that BTC may fall if the leading digital asset does not break over $19,000. Currently, Bitcoin is trading at $19,295.09. The current trading price is an increase of 2.40% over its previous close. With a market capitalization more than $358 billion, BTC’s trading volume in the last 24 hours stands at over $31 billion.
Image Credits: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
