Crypto Analyst Predicts Optimism's 200% Surge and Bitcoin's Six-Figure Potential Amid Market Volatility

A well-known crypto analyst believes that a layer-2 scaling solution for Ethereum (ETH) is ready for a major surge. This surge could exceed 200% in just a few weeks.

In a recent strategy session, crypto trader Michaël van de Poppe shared his thoughts with his 736,000 followers on X. He suggested that Optimism (OP), which competes with Polygon (POL), might hit a new all-time high (ATH) by early next year. But, this will only happen if it maintains some key support levels.

“Volatility is increasing,” he noted. “OP has tested the crucial resistance, but dropped more than 20% in the past few days. If there’s another test at $1.80-1.90, I expect we’ll break upwards and have an ATH test in January.”

Right now, Optimism trades at $1.54. That’s a 7% drop in the last 24 hours. To beat its previous all-time high of $4.84, OP needs to increase by 214% from where it is now.

Switching gears to Bitcoin (BTC), van de Poppe thinks the leading cryptocurrency could reach a six-figure price by the end of this week. However, he also warns that a flash crash might hit all crypto markets in the next week or two. This could affect liquidity.

“A massive chart for Bitcoin,” he said. “It’s up a lot since Trump’s election. The question is: Are we seeing $100,000 during this week? We might. We’ll also have a flash crash across the markets in the coming 1-2 weeks to take liquidity on the downside.”

Currently, Bitcoin is priced at $88,757, showing a 5% decrease for the day.