- Crypto markets may be nearing a bottom.
- BTC is still unable to surpass $50K.
A new COVID-19 variation, inflation, and other headwinds contributed to a little decline on Saturday 11th December in the global cryptocurrency market despite a persistent decline over the previous several days. For now, the crypto market is reeling from its recent dips, with BTC still unable to surpass $50K and the majority of altcoins trading in the dark.
It’s rare to find a long-term investment opportunity with a return of 1,000 percent. In light of this, it may be appropriate for investors to initiate a modest position and dollar-cost-adjust into bitcoin around the low $50,000 area. With the end of 2021, and according to crypto specialist Michael van de Poppe, BTC, and other cryptocurrencies are predicted to soar in value.
Bull Run in 2022
Because the close was above $46-47K, he intends not to lose anything. Even Van de Poppe’s Twitter followers feel Bitcoin has already hit a vital “make it or break it” region of support. Van de Poppe thinks that Bitcoin’s long-term Bull Run will continue into the New Year despite recent market volatility. He believes that Bitcoin’s bull market will continue for the foreseeable future.
According to Van de Poppe, crypto markets may be nearing a bottom. He added that when most people understand that we aren’t going parabolic now, the markets will bottom out this month.
Crypto markets will not “go stratospheric” in the last three weeks of 2021, but the trader can expect them to recover considerably in the first three quarters of 2022. According to him, the bull cycle should be at the apex in Q2/Q3 2022.
