A prominent cryptocurrency analyst has adopted a bullish stance on Bitcoin (BTC) as the leading digital asset maintains its position above $70,000.

In a recent strategy session, trader Michaël van de Poppe shared with his 734,900 followers on the social media platform X that he anticipates Bitcoin could experience a price surge of 10% to 38% by the end of the year.

“It has been less than two to four weeks, and we are already nearing Bitcoin’s all-time high. So, what’s next? I’m predicting $80,000 in November, and potentially $90,000 to $100,000 in December.”

At the moment, Bitcoin is trading at $70,258, approximately 4.7% lower than its peak of $73,800 reached earlier this year. Van de Poppe believes that the cryptocurrency is currently consolidating before it embarks on a journey toward new record highs.

“As long as we remain above $70,000, it’s celebration time.”



Source: Michaël van de Poppe/X

Van de Poppe also provided insights on Ethereum (ETH), forecasting that the altcoin could rise by over 13% in November, following the support level around $2,300 holding firm.

“Ethereum has absorbed liquidity and has bounced back up to resistance. I believe we’ll break through that in the next one to two weeks, aiming for $3,000 or more in November.”



Source: Michaël van de Poppe/X

Ethereum is currently trading at $2,522, reflecting a 5% decline over the past 24 hours.

Regarding the Ethereum/Bitcoin pair (ETH/BTC), the trader noted that a bearish divergence on the daily chart might be in play. This occurs when an indicator like the Relative Strength Index shows higher lows while the price records lower lows.

He cautioned that if the ETH/BTC continues to decline, it could drop approximately 15% from its current standing to around 0.031 BTC.



Source: Michaël van de Poppe/X

ETH/BTC is now valued at 0.0359 BTC.

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Disclaimer: The views expressed in The Daily Hodl do not constitute investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please be aware that any transfers and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor. Note that The Daily Hodl engages in affiliate marketing.

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