A closely followed crypto analyst believes digital assets will remain in a bullish trend for a longer duration than in previous cycles.
In a new strategy session, crypto trader Michaël van de Poppe tells his 768,800 followers on the social media platform X that Bitcoin (BTC) and Ethereum (ETH) could hit massive new all-time highs if the current bull market extends beyond what many are predicting.
“I think that there’s a significant chance that this cycle will be longer and go higher than everybody expects. We’ve had the longest bear market on altcoins. Why not have the longest, final bull market on them? Bitcoin to $500,000 and Ethereum to $20,000. Sign me up.”
The trader says the cycle peak could arrive as late as 2027 and that Bitcoin may become less volatile as it continues upward.
“I don’t think we’ll have many 30% corrections on Bitcoin during this cycle. The markets become larger, through which a lot more liquidity is added and Bitcoin becomes more ‘boring.’ Just a gradual upward pace. Either Bitcoin peaks in Q4 2025 or somewhere beginning 2027.”
Bitcoin is trading for $104,600 at time of writing, flat on the day. Meanwhile, Ethereum is trading for $3,268 at time of writing, up 4.1% in the last 24 hours.
Lastly, the trader says several altcoins may soon follow the lead of layer-1 blockchain network Sui (SUI) and start breaking out. He says bullish divergence is starting to appear on the three-day charts against Bitcoin for several alts, including Optimism (OP), Wormhole (W) and Omni Network (OMNI).
A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.
“The markets start to signal massive signals that utility coins and ETH ecosystem is the next one to thrive.
Why? SUI marked strong bullish divergences on HTF (high timeframe) levels at the lows resulting in 200% and 500% moves against Bitcoin. The same can now be seen on OP, W, OMNI and more.”
Sui is trading for $4.15 at the of writing, up 8.6% in the last 24 hours, while OP is trading for $1.45 down about 1% on the day.
Meanwhile, W is trading $0.24 at time of writing, up 14.4% in the last 24 hours, and OMNI is trading for $7.15, up 1.5% on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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