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The bull market for Bitcoin (CRYPTO: BTC) is far from over, according to crypto analyst Michaël van de Poppe.
What Happened: Despite the recent correction of the cryptocurrency to the $80,000 range, van de Poppe foresees a significant rally for Bitcoin.
Van de Poppe anticipates that Bitcoin could reach up to $250,000 in this cycle. This prediction indicates a 195% increase from its current value.
“I don’t think that the cycle is over. I think it barely started, even the hype on Bitcoin wasn’t anywhere near euphoria. I do believe that we’ll see Bitcoin above $200,000-$250,000 this cycle,” the trader said on X.
