Bitcoin Golden Cross 2023: Micheal van de Poppe Predicts BTC Price to Rise 100% – Here’s the Timeline

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Bitcoin price is constantly trying to jump past the crucial revival very near $17,000, but faces major turbulence as it cuts through $16,900.

Meanwhile, altcoins are also facing a lot of heat as the bearish cartel has strengthened its roots at this time. Apart from the bear market speculations reaching the climax, they are hovering in the crypto space.

A popular analyst, Micheal van de Poppe, believes that the bitcoin bear market is coming to an end as the price of bitcoin is about to ignite a golden cross.

In a recent video update, the analyst indicates that the event is set to begin in June and could be extended into December, where the price of BTC could rise to $37,000.

The real move happens before the actual cross takes place, so we are basically at or nearing the low and the golden cross taking place here will most likely take place from June to December,

Furthermore, the analyst believes that the price of BTC could replicate 2018-19, as the markets fell sharply at the moment. Therefore, the markets may approach levels where they can face some relief.

However, he goes on to say that in the weekly timeframe, the price of BTC needs to maintain the crucial levels at around $12,326 to maintain some strength in the rally. Conversely, if the price of BTC rises above $18,000, it may rise above $20,000.

To do this, the BTC price must break above the crucial $17,500 in the lower time frame and above $18,600 in the upper time frame. This may trigger further upside towards the next set of targets beyond $21,000.

Once we reverse $18.6K and even a lower time frame of $17.5K these are the first arguments to continue towards the upper bounds then we look at a potential case or first towards 21.21 K$23.5K and a $29K and maybe even $38K which is already two and a half X’s from here,

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