Bitcoin Golden Cross 2023: Micheal van de Poppe Predict BTC Price To Surge 100% — Here’s The Timeline

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Bit­coin price is con­stant­ly try­ing to jump beyond the cru­cial renais­sance very close to $17,000 but fac­ing major tur­bu­lence in slic­ing through $16,900.

Mean­while, the alt­coins are also fac­ing much heat as the bear­ish car­tel has strength­ened its roots at the moment. Besides the spec­u­la­tions of the bear mar­ket reach­ing the cli­max are hov­er­ing with­in the cryp­to space.

A pop­u­lar ana­lyst, Micheal van de Poppe, believes that the bit­coin bear mar­ket is about the end as the Bit­coin price is about to ignite a ‘Gold­en Cross’.

In a recent video update, the ana­lyst says that the event is about to begin in June which may be extend­ed towards Decem­ber where-in the BTC price may ele­vate to reach $37,000 levels. 

“The actu­al move hap­pens pri­or to the actu­al cross tak­ing place so in essen­tial­ly we are at the low or we close towards it and the Gold­en Cross which is tak­ing place here is most like­ly going to take place dur­ing June towards December,”

Fur­ther, the ana­lyst believes that the BTC price may repli­cate 2018–19 as the mar­kets have slid heav­i­ly at the moment. Hence the mar­kets may approach the lev­els where-in they may face some relief.

How­ev­er, he goes on to say that in the week­ly time frame, the BTC price is required to hold the cru­cial lev­els at around $12,326 to main­tain some strength with­in the ral­ly. Con­verse­ly, if the BTC price breaks above $18,000 then it may rise beyond $20,000. 

To do so, the BTC price is required to flip above the cru­cial $17,500 in the low­er time frame and $18,600 in the high­er time frame. This may ignite the fur­ther upswing towards the next set of tar­gets beyond $21,000. 

“Once we flip $18.6K and even a low­er time frame $17.5K those are the first argu­ments for con­tin­u­a­tion towards the upper bound­aries and then we are look­ing at a poten­tial case or first run­ning towards $21.21K $23.5K and a $29K and pos­si­bly even $38K which is already a two and half X from here,”

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