Bitcoin Close to Rallying to New All-Time High, According to Analyst Michaël van de Poppe – But There’s a Catch
A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of printing new all-time highs (ATHs) as it reclaimed the $68,000 level Friday. Crypto trader Michaël van de Poppe tells his 730,800 followers on the social media platform X that Bitcoin’s surge past the current ATH of about $74,000 may come within days. But he warns Bitcoin could first retest the $65,000 level before witnessing sustained rallies. “Bitcoin still consolidating, which means some weakness for the markets. Just a few weeks shy of the elections and a potential renewed rate cut from the Fed. The ATH for Bitcoin is close.” Source: Michaël van de Poppe/X The analyst also says that the recent European Central Bank (ECB) rate cut may be a bullish catalyst for Bitcoin. “Bitcoin might not be going as deep as I think we could. The rate cut of the ECB and the job cut data in the US might actually push Bitcoin higher at an earlier stage.” Bitcoin is tra...