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Bitcoin Poised To Reach $500K Long-Term As ‘Bullish Sentiment Is Great,’ Says Michael Van De Poppe, But Warns ‘Corrections Will Happen’

Analyst Michael van de Poppe on Wednesday predicted a long-term bullish sentiment on Bitcoin’s (CRYPTO: BTC) value, suggesting that a half-million-dollar price tag is a possibility for king cryptocurrency. What Happened: In a tweet on X, van de Poppe said, “The overly bullish sentiment is great for Bitcoin. Long-term, a likelihood of Bitcoin reaching $500K is definitely there.” He, however, cautioned investors about the market’s nature, adding, “However, corrections will happen and they’ll be rough.” Van de Poppe added, “If Bitcoin corrects by 20% or more, use those as a giant buying opportuni…