A broadly adopted crypto analyst says that Bitcoin (BTC) surging to a brand new all-time excessive (ATH) continues to be a really actual situation.
In a brand new thread, crypto dealer Michaël van de Poppe tells his 792,000 followers on the social media platform X that the highest crypto asset by market cap appears poised to hit a brand new ATH by the top of subsequent month, additionally noting that he expects BTC to dip earlier than skyrocketing.
“Bitcoin continues to push upwards and break the all-time excessive. I nonetheless assume we’ll have a slight consolidation earlier than the massive breakout occurs, which signifies that an all-time excessive is on the playing cards for July ’25.”
Van de Poppe says that to ensure that the crypto king to shatter its earlier greatest, it must first hurdle a key resistance stage at $108,900.
“Bitcoin has taken the liquidity. That’s nice, there’s loads of upside momentum right here. Nonetheless, that is the FINAL hurdle earlier than a brand new ATH. I believe we’ll consolidate barely and break in the direction of new ATHs within the coming 1-2 weeks max.”
In response to the analyst, BTC rallying would additionally ship altcoins skyrocketing on account of them being short-squeezed, or a speedy enhance in value pushed by quick sellers masking their positions.
“Altcoins are wanting primed for a giant transfer upwards. If Bitcoin is ready to break up, Altcoins are prone to outperform. How? Large quick squeezes throughout the board accelerating the worth motion of these altcoins upwards vanishing losses away in days/weeks.”
Bitcoin is buying and selling for $107,633 at time of writing, a fractional lower over the last 24 hours.
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