Bitcoin 
$68,381attracted attention by regaining the $68,000 level last Friday. Crypto analyst Michaël van de Poppe stated that Bitcoin is on the verge of reaching new all-time highs. In his statement to his approximately 730,800 followers, Van de Poppe stated that Bitcoin could rise above the current ATH level in a short time.
Price Predictions and Possible Correction
While Van de Poppe suggested that Bitcoin could exceed the current ATH level of approximately $ 74,000 in a few days, he pointed out the possibility of retesting the $ 65,000 level beforehand. The analyst said that Bitcoin is still in the process of consolidation, which could indicate some weakness in the markets. He also stated that the upcoming elections and a possible new interest rate cut by the Fed may also be effective.
The analyst stated that the latest interest rate cut by the European Central Bank (ECB) could be a positive catalyst for Bitcoin. Van de Poppe said that “ECB’s interest rate cut and US unemployment data could push Bitcoin up at an earlier stage.” He stated that these developments could support Bitcoin to reach new record levels.
The Future of Altcoins
Van de Poppe predicts Ethereum as of next month 
$2,647 He suggested that altcoins could outperform Bitcoin, citing the possible correlation between US Treasury bond yields and US Treasury bond yields. Stating that Ethereum is traded around $ 2,637, the analyst said that the FED’s meeting in November may create positive signals for altcoins:
“Bitcoin may not be at the depth we need to think about yet. “The ECB’s interest rate cut and US unemployment data may push Bitcoin higher at an earlier stage.”
Currently, Bitcoin is trading at $68,362 and has increased by approximately 2% in the last 24 hours. Van de Poppe stated that they are closely monitoring the effects of the upcoming FED meeting on Bitcoin and altcoin markets.
The analyst noted that the high correlation between Ethereum and Treasury yields could determine the future performance of altcoins. He also said that they expect a bull season for altcoins after the FED’s interest rate cut.
The next meeting of the FED is planned to take place on November 6-7. The impact of this meeting on the cryptocurrency markets is eagerly awaited by investors. Future movements of Bitcoin and Ethereum may be shaped depending on these developments.
Price movements of Bitcoin and other cryptocurrencies may vary depending on global economic indicators and central bank policies. It may be important for investors to follow such analyzes in terms of understanding market trends.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
