Mikael van de Poppe shared his medium-term forecast for Bitcoin

At the moment, most digital assets are in consolidation. However, many industry experts suggest that a sustained bullish trend could begin in the foreseeable future.. Popular analyst Michael van de Poppe shares a similar opinion.. The specialist emphasized that ether looks more confident in the current realities, but van de Poppe is still confident that BTC can soon test the $48 thousand mark.

According to the analyst, the Dencun update, which should be implemented in the coming days, will primarily have a positive impact on the dynamics of Ethereum. Michael van de Poppe also emphasized that the total capitalization of altcoins is estimated at $600 billion. In his opinion, this is a very important technical area. Against this background, the likelihood increases that in the medium term the figure could reach $1 trillion.

At the moment, Bitcoin is trading near $43,000, having added about 1.38% in value last week. However, within the previous week the asset lost 1.28% in price. The flagship of the crypto market is in stable consolidation, which was a consequence of decreased investment activity.

The results of the last meeting of the Federal Reserve played an important role in this.. The American regulator did not change the refinancing rate, keeping it at 5.5%. However, the rhetoric of Fed Chairman Jerome Powell clearly did not inspire investors. The official noted that inflation in the United States is still at a high level, while the national economy continues to grow steadily. Under such conditions, it is less likely that the Federal Reserve will be willing to make major changes to its monetary policy in the coming months. However, the CME FedWatch metric indicates that this could happen in May of this year.