• Michael Van de Poppe thinks Bitcoin could hit $40K by April 5, 2023.
• His research suggests that the Dollar Currency Index will soon experience strong adjustments, which will be bullish for higher-risk assets including BTC.
• He believes that this window of opportunity will only exist until the Federal Reserve performs a pivot with its monetary policy.
Michael Van De Poppe’s Bitcoin Prediction
Michael Van de Poppe, a well-known crypto trader, has predicted that bitcoin (BTC) could hit $40K by April 5, 2023. This prediction was made after noticing that the critical price level for BTC at $27,900 remained intact and caused the price to skyrocket to $28,700 overnight.
Analysis Behind The Prediction
Van de Poppe conducted in-depth research for BTC in a video on YouTube where he outlined his upside objective for bitcoin between $40K and $45K. This is based on his assumption that the Dollar Currency Index will encounter a strong adjustment in the coming weeks which is expected to be bullish for higher-risk assets including crypto and BTC.
Window Of Opportunity
The trader also indicated that there would be a period of few months during which bitcoin will rise followed by a period during which it would experience correction and then continue to rally. He justified this statement by asserting that this window of opportunity will only exist until the Federal Reserve performs a pivot with its monetary policy near the end of interest rates raising phase.
BTC Market Valuation
As an outcome of this gain, bitcoin’s market valuation is now projected to be at $551 billion as per 24-hour charts from Trading View.
Conclusion
In conclusion, known crypto trader Michael van de Poppe predicts Bitcoin could reach as high as $45K by April 5th of 2023 if certain key market conditions remain intact over coming weeks such as Dollar Currency Index adjustments being bullish for higher risk assets like crypto and Bitcoin itself. It is important to note however that this window can only exist until Federal Reserve performs their own pivot with their monetary policies near end of interest rate raising phase before it closes entirely so investors should take necessary precautions while investing keeping these facts in mind in order to maximize their profits while minimizing any potential losses they may incur due to changing economic climate or other related factors beyond one’s control