Michael van de Poppe (Michaël van de Poppe), a prominent digital currency analyst, predicted that Bitcoin could reach $500,000 in this cycle.  He announced to his 753,500 followers on Platform X that Bitcoin's rainbow chart shows this possibility.  At the time of writing, Bitcoin is trading at $105,865 and recently hit a new record high of $107,822.

 Van de Pope also believes that the altcoin market is ready for its next wave.  He recommends that investors stay in their positions to maximize their returns.  He emphasizes that most altcoins are still in accumulation territory in their currency pairs with Bitcoin, which is a positive sign for the next big move.

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