BTC pourrait atteindre 48 XNUMX $ en décembre, déclare un analyste renommé
Van de Poppe predicted that BTC could rally to as high as $48K in the next few weeksăăBTCs price could undergo a strong correction after the first spot Bitcoin ETF gets approved, the analyst notedăăAt press time, BTC was changing hands at $37,478.55 after a slight 0.04% 24-hour lossăăMichael Van de Poppe, a widely-followed analyst, predicted that Bitcoin (BTC) may rise to as high as $48K in the weeks leading up to the first spot Bitcoin exchange-traded fund (ETF) getting approved. Following the approval, the analyst anticipates a strong price correction before a âgrindâ upwards.ăăIn the video, Van de Poppe shared that he thinks the first spot Bitcoin ETF will receive approval in the next five to six weeks. Furthermore, he predicted that BTC may rally in December as investors try to position themselves to profit from the potential ETF approval.ăăFollowing the first Spot Bitcoin ETF getting approved, the analyst believes that the leading cryptocurrencyâs price may fall. His downside target for this potential pullback is the 200-week Exponential Moving Average (EMA) line on BTCâs chart, which was situated at around $25.4K. This downtrend may continue after the upcoming halving event, noted Van de Poppe.ăăHe believes that traders will then