According to an influential crypto analyst, Bitcoin’s (BTC) surge up to new highs is a real possibility.
Michael van de Poppe, a crypto trader, told his 792,000 Twitter followers in a recent thread that the market capitalization of the most valuable crypto assets is poised to reach a record high by the end next month. He also noted that he expected BTC would dip, before skyrocketing.
Bitcoin continues to rise and surpass the previous high. “I still believe we will have a small consolidation before the breakout, so an all-time record is in the works for July 25.”
Van de Poppe believes that for crypto-king to surpass its past bests, it must first overcome a critical resistance level of $108,900.
Bitcoin has taken over the liquidity. It’s fantastic, the upside momentum is strong. This is THE LAST hurdle to a NEW ATH. In the next 1-2 weeks, I believe we will consolidate and then break to new ATHs.
Analysts claim that if BTC rallies, altcoins will also skyrocket due to short squeeze, which is a sudden increase in prices driven by sellers who are covering their short positions.
Altcoins look primed to make a major upward move. Altcoins will likely outperform Bitcoin if it is able break apart. How? How? Massive short squeezes on altcoins accelerating price movement upwards in days/weeks .”
Bitcoin has a value of $107,633 as I write this, which is a slight decrease from the previous 24 hours.
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As new information becomes available, this post New Bitcoin All Time High in the Cards According to Michael van de Poppe Analyst – Here is His Timeline will be updated.
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