Michael van de Poppe noted that the price range of Bitcoin will depend on macroeconomic indicators in the United States and the actions of the Donald Trump administration.
“The market should be prepared for increased volatility. If the current lows are broken, a decline to the buy zone in the region of $94,000-$98,000 is possible. In case of growth, the target levels will be at $120,000 and $130,000,” van de Popp predicts.
He also drew attention to the creation by the US Securities and Exchange Commission (SEC) of a working group to develop a regulatory framework for cryptocurrencies under the leadership of Hester Peirce. In his opinion, this demonstrates a fundamental change in the SEC’s policy, which previously took a tough stance on digital assets.
US President Donald Trump’s intention to lower interest rates could have a positive impact on the price of Bitcoin, Ethereum and other cryptocurrencies in the medium term, the analyst added.
Earlier, Michael van de Popp said that after the new US administration led by Donald Trump comes to power, three categories of crypto assets have significant growth potential.
Source: Bits
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