Crypto analyst Merlijn The Trader has signaled the end of quantitative tightening, drawing parallels to the 2019 Bitcoin rally. He suggests that Bitcoin is poised for a significant price surge, potentially exceeding $100,000, as it enters its second phase of market manipulation. Merlijn highlights that if Bitcoin maintains above $70,000, a rally could begin, while a drop below $60,000 would extend the accumulation phase.
Michaël van de Poppe, another prominent analyst, noted Bitcoin's recent climb to $71,000 and predicts further gains to $75,000 and $80,000 this month. He emphasizes that this is not a V-shaped recovery but a mean reversion bounce, with altcoins expected to outperform during this period. Both analysts underscore the potential for substantial market movements as the Federal Reserve's monetary policy shift mirrors conditions from previous Bitcoin surges.
Bitcoin Analysts Predict Major Rally as Quantitative Tightening Ends
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