In an exhilarating twist for the crypto community, renowned trader Michaël van de Poppe has unveiled an optimistic forecast for NEAR Protocol, a prominent player in the top-50 altcoin sector. On the heels of a substantial market correction, Van de Poppe’s analysis points to a potential 500% surge in NEAR’s value, propelling its price to a remarkable $20 within just a few months.
With NEAR trading at $3.33 at the time of writing, recent market dynamics suggest a prime investment opportunity. According to Van de Poppe, the asset’s recent performance, including a significant liquidity sweep and robust weekly candle, sets a promising stage for its upward trajectory: “Pretty ideal spot for NEAR. It took all the liquidity beneath the lows and seems to have a strong weekly candle. If this is the liquidity sweep, then next target is $15-$20 in the next three-six months.”
*Source: Michaël van de Poppe/X*
### Bitcoin’s Path to Breaking All-Time Highs
Solving the Bitcoin puzzle, Van de Poppe suggests that Bitcoin, currently priced at $97,787 following a 1.1% gain, is navigating a consolidation phase. He predicts an eventual breakout past its all-time high of around $108,000, contingent upon overcoming existing resistance levels. For Bitcoin enthusiasts, this “inflection” point is eagerly anticipated as a catalyst for the next upward movement: “Anyways, Bitcoin stuck in the range, the real inflection will occur once it breaks ATH. For now, just consolidation before the next leg up.”
*Source: Michaël van de Poppe/X*
### Ethereum’s Bullish Divergence on the Horizon?
In Ethereum’s corner (ETH/BTC), the market might be on the brink of witnessing a bullish divergence, as noted by Van de Poppe. With Ethereum trading at 0.02753 BTC ($2,692) and down 1.82% over the last 24 hours, the potential for a price surge seems imminent. This pattern, characterized by the divergence of lower lows in price and higher lows in momentum indicators like the RSI, could trigger an upswing in Ethereum’s valuation: “Next week is going to be a massive week for ETH. If this closes in such a wick and next week ETH goes back above 0.03, the bullish divergence is valid.”
As cryptocurrency markets are notoriously unpredictable, Van de Poppe’s insights offer a tantalizing glimpse into potential market shifts that could redefine the landscape. While lucrative opportunities abound, it’s crucial for investors to remain vigilant and conduct due diligence when navigating these high-risk waters.
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_Disclaimer: The opinions expressed herein do not constitute financial advice. Always seek professional guidance before making investment decisions. The volatility of cryptocurrencies necessitates caution, with investors bearing the full risk of their investment choices._
