In a recent tweet, Michael van de Poppe, a crypto swing trader, has suggested that Bitcoin (BTC) will consolidate in the remaining months before the April halving event.
He predicts that the price will range around $48,000, with a possibility of reaching $50,000. This is consistent with his previous forecast of a recovery from the current lows.
Van de Poppe predicts a potential dip before the rebound, which would create an accumulation zone between $36,000 and $40,000. He currently places Bitcoin in his pre-halving prediction at $43,016.98 but warns of a further correction to $36,000-$38,000.
Also Read: SEC Gag Rule Debate Sees Push for Reform
