Altcoins
Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe
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1 week agoon
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adminBitcoin is officially back in a bull market and could potentially hit $1 million per coin in the next few years, according to trader and investor Michaël van de Poppe.
However, the founder of MN Consultancy, MN Capital and MN Academy warned that a $1 million Bitcoin (BTC) price might come alongside a much broader debt crisis that could wreck the price of all assets in the short term.
Van de Poppe sat down with Decentralize with Cointelegraph host Jonathan DeYoung at DKGcon 2024 in Amsterdam for an exclusive interview to discuss the state of the Bitcoin bull market, whether an altseason is on the horizon, the impact of a Donald Trump presidency, and more.
Bitcoin price to $1 million?
Van de Poppe, who spoke with DeYoung on Oct. 24 — prior to Bitcoin’s recent return to new all-time highs — said that Bitcoin was back in a bull market but that it had been stuck in the “boring zone” while waiting for a return to the “banana zone.”
“I still believe that, currently, we are on the verge of the perfect storm, or we are actually building it already, which means that next year is going to be big,” he said. “But maybe that’s the difference: I think that the next part of the cycle is going to be longer than the previous cycle, so we’re going to end up in somewhere 2026.”
As to whether Bitcoin will ever reach the oft-discussed $1,000,000 price point, van de Poppe said it will likely happen as long as the de facto policy from central banks continues to be money-printing.
Related: Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?
However, he cautioned that many investors don’t pay close enough attention to “the amount of debt that we create, and that’s going through the roof. […] It’s going to be recalled at some point, so we’re going to have a debt crisis like we’ve seen in 2008.”
“When and if that happens, the amount of dollars that we have in circulation is going to drop. And if that happens, the purchasing power is going to drop as well, and the price of Bitcoin will also change. So yes, at some point in time I expect it to happen. But if we have the crisis in between, yes, of course, it’s going to be disastrous for the valuation of all assets in the US dollar.”
Bitcoin’s future under Trump
Van de Poppe also weighed in on the impact that United States President-elect Trump and his administration might have on Bitcoin. “I think people overrate the current elections, he told DeYoung. “In the long term, it doesn’t matter.”
“Bitcoin doesn’t care about governments, and it doesn’t care about policies.”
He argued that Trump’s approach to regulation would be great for Bitcoin in the short term, “at least if he does what he says.” However, the mid-term impacts could be “disastrous,” as he has stated he is determined to end inflation. Ultimately, regardless of who is in charge, Bitcoin will continue to offer the same value propositions it always has, van de Poppe said.
“I think in the short term, people overrate the elections. […] Just it doesn’t really make sense. It’s going to be the same outcome at the end of the day.”
To hear more from van de Poppe — including whether an altseason is on the way and his advice for both new and veteran traders alike — listen to the full episode of Decentralize with Cointelegraph on Cointelegraph’s podcast page, Spotify, Apple Podcasts or your podcast platform of choice. And don’t forget to check out Cointelegraph’s full lineup of other shows!
Magazine: DeFi and Ethereum are the ‘new narrative’: Michaël van de Poppe, X Hall of Flame
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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Altcoins
Analyst Says Dogecoin Has Way More Room To Grow, Sees Potential Rally to New All-Time High for DOGE
Published
1 day agoon
November 20, 2024By
adminA closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) may be gearing up for an explosive surge.
Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE has more upside potential based on the level of public interest relative to its current price level.
He uses Google search trends to gauge the level of interest for the top memecoin by market cap.
“I read people saying Dogecoin will not go higher because of ‘market cap,’ ‘sell the news,’ ‘better memes.’ Well, when you look at the interest in DOGE over time, it isn’t even at peak popularity yet. Long story short, DOGE has way more room to grow.”
He also says that DOGE may be forming a bull flag pattern on the hourly timeframe and may soon surge past its all-time high of about $0.74. In technical analysis, a bull flag is viewed as a continuation pattern, indicating that an asset is consolidating and gearing up for a fresh rally.
“Dogecoin appears to form a bull flag! I’m looking out for an hourly close above $0.40 which could trigger a breakout to $0.85!”
DOGE is trading for $0.3742 at time of writing, up 3.6% in the last 24 hours but down about 49% from its all-time high of $0.731.
Lastly, the analyst says that Bitcoin (BTC) may override a bearish signal from the TD Sequential indicator and hit six figures.
Traders use the TD Sequential indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles.
“Finally, I believe a sustained daily close above $91,900 will invalidate this bearish Bitcoin outlook and trigger a breakout to $100,680!”
Bitcoin is trading for $90,885 at time of writing, up 1.6% in the last 24 hours.
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Altcoins
Top Trader Unveils Path to New All-Time High for Dogecoin, Says DOGE Will Remind Everyone Who Is the King
Published
2 days agoon
November 19, 2024By
adminA trader who continues to grow his following with timely crypto calls is outlining a potential price path for Dogecoin’s (DOGE) rally to fresh all-time highs.
Pseudonymous analyst Bluntz tells his 292,900 followers on the social media platform X that Dogecoin looks poised for a new wave of upside bursts after printing a local bottom at around $0.339.
The trader shares a chart suggesting that DOGE could explode to a new all-time high of $0.85 before ending its five-wave surge.
“Nothing changed, we just had a nice 23% low time frame dip I’m counting as a wave four within a monster extended wave three impulse.
Once the next DOGE leg-up start, it will probably start to suck liquidity out of smaller memes again. The only reason they went so hard this week was because DOGE has been chilling for five days in my opinion.
I think this week will be a DOGE week.”
Bluntz practices the Elliott Wave theory, a technical analysis approach attempting to predict future price action by following crowd psychology that tends to manifest in waves. According to Elliott Wave principles, a bullish asset often witnesses a five-wave rally, where waves one, three and five are upside moves and waves two and four are corrective periods.
At time of writing, DOGE is trading at $0.372, down 49% from its all-time high of $0.731.
Zooming in, Bluntz shares his forecast for DOGE in the coming days.
“Ideal scenario for DOGE is a slow grind up over the next few days which could set the stage for another parabolic breakout later in the week similar to the last…
I think DOGE is gonna gently remind everyone who the king is this week.”
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Altcoins
‘Time Has Come’ – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE
Published
4 days agoon
November 18, 2024By
adminAn analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes top memecoin Dogecoin (DOGE) is primed for more rallies.
Pseudonymous analyst Bluntz tells his 291,000 followers on the social media platform X that Dogecoin appears to have completed an ABC corrective wave against Bitcoin (DOGE/BTC).
The trader practices Elliott Wave theory, which states that a bullish asset tends to witness a five-wave upside move after an “ABC” correction.
Says Bluntz,
“DOGE/BTC looking sendy again, swept the A wave lows and looks like a clear ABC down move now done.
I have been waiting for this one to cool off to start bull posting again and I think the time has come.”
Looking at the trader’s chart he seems to predict that DOGE/BTC will soar to as high as 0.000008 BTC ($0.73). At time of writing, DOGE is trading at $0.365.
Turning to Bitcoin itself, the analyst believes that BTC has started a fresh five-wave surge in the lower time frame, targeting $100,000.
“So far so good.”
At time of writing, Bitcoin is trading for $90,227.
As for the memecoin Pepe (PEPE), Bluntz says that the altcoin is likely en route to $0.00003.
“Don’t fade the magic PEPE squiggles.”
At time of writing, PEPE is worth $0.0000214.
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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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