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History will repeat itself, says analyst predicting new high for BTC

2 min read

 

BTC price is far from the target set by analysts and traders who pointed out that the biggest cryptocurrency on the market would reach US$ 100,000 by the end of 2021.

With the year ending and the price of BTC falling instead of rising, many analysts began to review their positions, adapting their opinion to the new reality of graphics.

One such analyst is Michaël van de Poppe, who is far from a pessimist about the price of BTC. According to the crypto-strategist, even with the price falling, the trend remains bullish.

Van de Poppe highlighted that he believes that history is repeating itself and that BTC will have a rally in the coming months, contrary to those who foresee a new bear market.

However, the analyst told his 536,400 Twitter followers that the cryptocurrency market will continue to decline until January. Then altcoins will start to rise in the first quarter of 2022, followed by BTC in the following quarter.

BTC

He believes a correction will occur in the third quarter, followed by a rise towards the end of the fourth quarter.

“If you want to position yourself well, you better start buying at this stage. The feeling is still not the best, although many altcoins have gone down a lot, some as much as 80% since their ATH [máximo histórico]. Adoption is growing. And, in terms of price, these currencies are in heavy support zones,” he said.

Altcoin to keep an eye out

Finally, van de Poppe also said that this is a good time to invest in the VRA, the native Verasity token.

Verasity is a decentralized video sharing blockchain network. The platform provides infrastructure with reward incentives for leading game publishers and developers.

The VRA native token is ranked 363rd by market value. At time of writing, it is trading at $0.035002.

500,000 BTC wallets are used every day, says Coin Metrics

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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