Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
$80,000 Bitcoin Incoming in November, Predicts Crypto Trader Michaël van de Poppe – But There’s a Catch

$80,000 Bitcoin Incoming in November, Predicts Crypto Trader Michaël van de Poppe – But There’s a Catch

Daily HodlDaily Hodl2024/11/07 16:00
By:by Daily Hodl Staff

A closely followed crypto analyst believes Bitcoin ( BTC ) is gearing up for the next leg up.

In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X that Bitcoin could soon soar more than 5% from its current value.

However, the analyst says that Bitcoin may first retest the $71,679 level before potentially hitting $80,000.

“Bitcoin is consolidating around a new ATH. I do believe we’ll continue, but probably have a slight correction first – dips ready to be bought. Next? $80,000 in November.”

$80,000 Bitcoin Incoming in November, Predicts Crypto Trader Michaël van de Poppe – But There’s a Catch image 0 Source: Michaël van de Poppe/X

The analyst also says that massive inflows into spot Bitcoin exchange-traded funds (ETFs) since pro-crypto candidate Donald Trump won the US presidential election on Tuesday indicate the flagship crypto asset may have entered the most explosive phase of the market cycle.

“Record-breaking inflow in Bitcoin since Trump won the elections. More than $2 Billion has flown into the Bitcoin ETF. More than $120 million has flown into the Ethereum ETF. The bull market is here.”

Bitcoin is trading for $75,966 at time of writing, up more than 11% since is Election Day low of $68,206.

Next up, the analyst is turning long-term bullish on Ethereum ( ETH ).

He suggests ETH will continue to rally higher with retests of lower price levels along the way.

“ETH at $2,900. Good start. The strategy is simple: be long, buy the dips and enjoy the ride.”

ETH is trading for $2,920 at time of writing, up more than 21% from its Election Day low of $2,403.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: DALLE3

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Explore the Thriving World of Ethereum, Solana, and Avalanche

In Brief Major smart contract platforms thrive beyond just price metrics for healthy growth. Ethereum shows promising recovery despite not achieving its TVL peak. Solana and Avalanche exhibit contrasting fortunes in TVL restoration.

Cointurk2025/08/24 12:35
Explore the Thriving World of Ethereum, Solana, and Avalanche

Key Drivers That Could Shape ARB’s Next Rally

Cryptonewsland2025/08/24 12:35
Key Drivers That Could Shape ARB’s Next Rally