Bitcoin’s breakout rally in October has markets eagerly anticipating the cryptocurrency’s next moves.to finish October well above $34,000. That’s a cool 21% monthly return on investment at the Oct 1st price.A recent analysis by popular cryptocurrency market analyst Michaël van de Poppe puts the BTC spot price in the $45K to $50,000 range sometime before the next halving.
While past performance does not guarantee future results, the halving has historically been a major tailwind for Bitcoin.Between now and April, De Poppe is bullish for altcoins. He points to recent strength in the altcoin markets.
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