Crypto Analyst Predicts Bitcoin Party With Price Targets

Crypto trader Michaël van de Poppe is bullish on Bitcoin, stating that the flagship cryptocurrency is "close to a party" and could rally above $30,000. He also believes that the potential approval of spot Bitcoin and Ethereum ETFs in the US will be a major catalyst for the market. Van de Poppe casts doubt on Bitcoin falling below $12,000, citing the filing of a Bitcoin ETF by BlackRock and the launch of a stablecoin by PayPal as positive developments for the crypto asset. He also suggests that the total cryptocurrency market capitalization could surge above $1.5 trillion.