Cryptocurrency analyst and strategist Michael van de Poppeis of the opinion that Bitcoin (BTC) could reach a new record high. Van de Poppe said that a new record could come if Bitcoin breaks through the critical resistance level in front of it.
New Record Expectation in Bitcoin
Van de Poppe told his followers on social media platform X Bitcoin’He stated that if Bitcoin makes a 2.25 percent jump from its current value, it could see a new ATH at the beginning of September. According to the analyst, Bitcoin breaking the $ 62,000 resistance level will eliminate the obstacles in front of the largest cryptocurrency and allow it to reach new heights. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The analyst commented on the subject, “It feels great that the markets are moving upwards. Bitcoin has jumped up and approached its last resistance, which is $62,000. If this level is broken, it is possible to see a new ATH in September. Spot ETF“I think data on the ‘s will also contribute positively to this process. If Bitcoin breaks $62,000, it could reach a new record level in less than two weeks,” he said.
“Ethereum Could Spark Rise in Altcoins”
Van de Poppe also EthereumHe stated that if (ETH) turns a key resistance level into support, it could signal an uptrend for the altcoin market. Emphasizing that the critical resistance level for Ethereum is $ 2,700, the analyst underlined that if this level is exceeded, a major rise in altcoins could be triggered.
“Ethereum looks great but needs to continue its upward movement. The critical level to break is $2,700. A range between $2,700 and $3,100,” the analyst said. space and filling this gap altcoin“It could trigger a major rise in the ‘s,” he said.
Van de Poppe stated that the uptrend will continue as long as Ethereum maintains the $2,500 support, and said, “All ETH needs to do is stay above $2,500. If that happens and the momentum returns with spot ETFs, the next target will be $3,150. It will be a great feeling to be back in an uptrend.”
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
