On Saturday, December 11, the global cryptocurrency market fell somewhat more despite a steady decrease over the previous several days owing to a variety of issues.The crypto market is yet to recover from the recent slumps as BTC struggles to cross $50K, and the rest of the altcoins trade in red.
As the year 2021 draws to a close, crypto expert Michaal van de Poppe is making a series of wild forecasts for Bitcoin (BTC) and the overall crypto markets.
Bitcoin has already reached a critical “make it or break it” area of support, according to Van de Poppe’s Twitter followers.
“Chop, chop, chop it is for Bitcoin. A crucial area to hold is that region we’ve touched already at $42K.”
He says he’d rather not lose anything because the closing was above $46-47K.
Despite recent bumpy market activity, Van de Poppe believes Bitcoin’s long-term bull run will continue into the new year. He says the Bull market is still going to continue for Bitcoin.
At the time of writing, Bitcoin is trading at $48,271 down by 2.6% in the last 24 hours.
Van de Poppe believes that the bottom is nearly in for the rest of the crypto and altcoin markets.
Markets will bottom out this month when the majority of people realize we aren’t going parabolic right now, he said
Though he no longer expects cryptocurrencies to “go stratospheric” in the final three weeks of 2021, the trader believes crypto markets will return significantly in the first three quarters of 2022.
An important breakthrough in Q1 2022, including the alt season… Q2/Q3 2022 is the peak of the bull cycle according to him.