Bitcoin Is Gearing Up For $40k, Hitting New ATHs

The optimistic predictions about the price of Bitcoin keep popping up. At the moment of writing this article, the king coin is priced at $26,657.65, and the digital asset is trading in the red.

BTC to hit $40k

Prominent crypto strategist and trader Michaël van de Poppe said that Bitcoin is gearing up for a run to $40,000 as it continues to register new all-time highs.

Here’s the tweet that he recently dropped.

When someone asked: “Are we gonna see alts moving anytime soon??” Poppe responded with the following message:

“Every 10 minutes, this question. Probably you’re invested with money that you’ve lent your family and went balls deep into altcoins through which you’re checking the charts every 5 minutes on Christmas. I’m expecting altcoins Q1 2021. Bottoming in this period. Nothing changed.”

Someone else posted this: “#Bitcoin Went up 7x in 289 days with no dips over 26%! Perhaps institutional buyers are happier to set limit orders padding the dips in ways that retail’s market buys do not. This run #BTC had only 5 dips, 4 of which were about 20%. Maybe $BTC won’t ever dip 40% again.”

The 2020 bull cycle is different

He also pointed out the fact that this bull cycle is different.

A commenter said: “I think this bull run will be one of a kind. what’s happening right now with $BTC has never happened before. surpassing the old ATH by far before January.”

Another follower posted this: “The total market cap of crypto is still about $100 billion shy of where it was at its peak the last cycle. We will be hitting $1 trillion this round no problem.”

Previous ArticleIOHK’s New KEVM Devnet Opens Up Cardano For ETH DevelopersNext ArticlePreserve Your Crypto Profits in Silver with Vaultoro Exchange
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.
Exit mobile version