Featured image from Seu Dinheiro, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto expert Micha\u00ebl van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto\u2019s favor. In line with this, he urged Bitcoin investors to take action with a parabolic surge on the horizon.\u00a0 An Imminent Quantitative Easing Would Be Good For Bitcoin Van de Poppe suggested in an X (formerly Twitter) post that Bitcoin will rise on the back of a Quantitative Easing (QE), which he anticipates is \u201cclose.\u201d He noted that the Fed has already started to \u201cunwind Treasury buybacks and is reducing QT [Quantitative Tightening].\u201d He claims this is happening because the economic data has worsened, which puts the US at risk of a recession.\u00a0 Related Reading: Dogecoin Breaks Out Of Descending Triangle Like It Did In 2021, Analyst Sets $6 Target Therefore, the Fed seeks to avoid this recession by buying back long-term government bonds and injecting liquidity into the financial system. As the crypto expert predicts, this could be good since it will force the Fed to take a more dovish stance and possibly lower interest rates, boosting investors\u2019 confidence to go all in on risk assets like Bitcoin.\u00a0 Van de Popper further predicts that this Quantitative Easing will become evident in the data released in the coming months. In line with this, he advised investors to long Bitcoin. It is worth noting that Bitcoin dropped to as low as $57,000 ahead of the latest FOMC meeting, with many investors seeming to have anticipated a hawkish stance from the Fed.\u00a0 However, as the crypto expert noted, the rates remain unchanged, and Fed Chair Jerome Powell raised the possibility of a rate cut as early as June. Given Bitcoin’s price recovery since then, this development looks to have already revived a bullish sentiment among investors.\u00a0 What To Expect Going Forward In another X post, Van de Popper revealed his expectations for the crypto market going forward. He stated that Bitcoin will consolidate and go sideways (possibly ahead of the QE which will boost its price in the coming months. Meanwhile, he also expects Altcoins to \u201cheavily outperform and rotation kicks in.\u201d Related Reading: Crypto Prediction Website Reveals When The Cardano Price Will Reach $45 The crypto expert had previously echoed a similar sentiment when he stated that he expects altcoins to bounce in their Bitcoin pairs while Bitcoin faces a period of consolidation that he doesn\u2019t expect to change in the \u201ccoming months.\u201d\u00a0 Back then, he also mentioned that there would be a narrative shift to Ethereum, and he reaffirmed this belief in a more recent X post, stating that he expects a lot from the second-largest crypto token by market cap.\u00a0\u00a0 At the time of writing, Bitcoin is trading at around $59,100, up over 2% in the last 24 hours, according to data from CoinMarketCap.\u00a0 BTC bulls reclaim control of price | Source: BTCUSD on Tradingview.com Featured image from Seu Dinheiro, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":606407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,6664,90232,14690,91847],"class_list":["post-606376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-expert","tag-crypto-news","tag-expert"],"acf":[],"yoast_head":"\n
Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n