A generally followed crypto analyst says Bitcoin (BTC) is increasing to a new all-time high (ATH), is still a very real scenario.
In a new thread, Crypto trader Michaël van de Poppe tells His 792,000 followers on the social media platform X that the top crypto assets from Market Cap seems ready to hit a new ATH by the end of next month, and also notes that he expects BTC to dive before shooting up.
“Bitcoin keeps pushing up and breaking all-time high. I still think we will have a slight consolidation before the big outbreak happens, which means that one of all time is on the cards for July ’25.”
Van de Poppe out That to crush the crypto king his previous best, the first an important resistance level must be obstacles at $ 108,900.
“Bitcoin has taken liquidity. That is great, there is a lot of upward impulse here. However, this is the last obstacle for a new ATH. I think we will consolidate somewhat and go to new Aths for the next 1-2 weeks.”
According to the analyst, BTC rally Altcoins would also shoot up because they are briefly pressed, or a rapid rise in the price driven by short sellers who cover their positions.
“Altcoins are ready for a big movement up. If Bitcoin can separate, Altcoins will probably perform better. How? Massive short squeezes the board that will disappear the price action of those altcoins in days/weeks.”
Bitcoin acts for $ 107,633 at the time of writing, a fractional decrease during the last 24 hours.
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