Cryptocurrency market leader Bitcoin (BTC) is on the rise, with respected crypto trader Michael van de Poppe (@CryptoMichNL) recently predicting that the coin's price could reach between $40,000 and $45,000 in the next few months. This follows a three week dip in the coin's value, with BTC currently quantifying over $28,500 and its total market cap estimated at $551.572 billion.

Van de Poppe's assessment is based on the performance of the Dollar Currency Index, which he believes could soon experience a strong correction that will be beneficial for higher-risk assets such as Bitcoin. Moreover, according to the respective video analysis, he declared that BTC will continue to rally on the charts until the end of the interest rate hike phase, which is expected to be within the limits of the foreseeable future.

The bullish outlook was recently cemented after BTC's crucial price level of $27,900 held, causing the value of this most prominent digital asset to soar overnight to $28,700. This was after it was showing a 1.69% gain. BTC has now turned its weekly price performance into the green, with the current weekly price performance factoring in at +1.50%.

Assuming van de Poppe's forecast proves accurate, investors should keep an eye on the Federal Reserve and US Treasury's monetary policy shifts, as they could affect the performance of BTC. In this context, his prediction of a few months's worth of bull runs before the inevitable correction period remains on the table. Yet, as always, investors should do their due diligence and consider all attendant risks before making decisions.



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