Uh Oh, Bitcoin? Crypto Expert Sees Dip Coming This Week But Recovery Shortly After
Portfolio Pulse from Benzinga Neuro
Crypto analyst Michaël van de Poppe predicts a short-term dip in Bitcoin's value due to macro-economic factors but expects a quick recovery within a week. Despite the anticipated downturn, the long-term outlook for Bitcoin remains positive, with Bernstein analysts setting a $150,000 price target by the end of 2025. Bitcoin is currently trading at $61,920, marking a 3.01% decline over the past 24 hours but has seen a 40.18% increase year-to-date.
April 30, 2024 | 10:15 am
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Michaël van de Poppe predicts a short-term dip in Bitcoin's value due to macro-economic factors but expects a quick recovery within a week. Long-term outlook remains positive with a potential $150,000 price target by 2025.
The prediction of a short-term dip followed by a quick recovery is based on Michaël van de Poppe's analysis of macro-economic factors affecting Bitcoin. The long-term positive outlook is supported by Bernstein analysts' $150,000 price target by 2025, indicating strong future growth potential despite short-term volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100