Analyst Predicts Bitcoin Rally to $50,000 by 2024 After Consolidation Period
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Bitcoin has entered a bull market and could rally to $50,000 by early 2024 according to analyst Michaël van de Poppe.
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Poppe predicts Bitcoin will hit resistance at $38,000 before surging to $45,000-$50,000 pre-halving.
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After reaching $50,000, Bitcoin will likely consolidate and trade sideways before making new all-time highs.
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For now, Poppe thinks Bitcoin is consolidating and could still dip below $33,000.
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At the time of writing, Bitcoin was trading around $34,500.