Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, July 4
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Bitcoin Close to Rallying to New All-Time High, According to Analyst Michaël van de Poppe – But There’s a Catch
    Bitcoin

    Bitcoin Close to Rallying to New All-Time High, According to Analyst Michaël van de Poppe – But There’s a Catch

    October 19, 20243 Mins Read


    A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of printing new all-time highs (ATHs) as it reclaimed the $68,000 level Friday.

    Crypto trader Michaël van de Poppe tells his 730,800 followers on the social media platform X that Bitcoin’s surge past the current ATH of about $74,000 may come within days.

    But he warns Bitcoin could first retest the $65,000 level before witnessing sustained rallies.

    “Bitcoin still consolidating, which means some weakness for the markets. Just a few weeks shy of the elections and a potential renewed rate cut from the Fed. The ATH for Bitcoin is close.”

    Image
    Source: Michaël van de Poppe/X

    The analyst also says that the recent European Central Bank (ECB) rate cut may be a bullish catalyst for Bitcoin.

    “Bitcoin might not be going as deep as I think we could. The rate cut of the ECB and the job cut data in the US might actually push Bitcoin higher at an earlier stage.”

    Bitcoin is trading for $68,362 at time of writing, up nearly 2% in the last 24 hours.

    Next up, the analyst suggests altcoins may start outperforming Bitcoin as soon as next month after identifying a possible correlation between Ethereum (ETH) and US Treasury bond yields.

    “There’s a huge correlation between ETH and Yields on Treasury bonds. The initial rate cut of 50 basis points (bps) = 11% jump on ETH. The swap in sentiment + upwards tick on Yields = downwards move on ETH. Expecting to see altcoin bull season start from the next FED meeting rate cut.”

    Image
    Source: Michaël van de Poppe/X

    The Fed is slated to hold its next meeting on November 6th and 7th.

    At time of writing, Ethereum is trading for $2,637.

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Check Price Action

    Follow us on X, Facebook and Telegram

    Surf The Daily Hodl Mix

    &nbsp

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin Predicted To Hit 6-Figure Price In 2025, Bitwise CEO Says Next Year Will Be ‘Exceptional’ For King Crypto – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
    Next Article EXCLUSIVE: Robinhood’s Steve Quirk Says New Offerings Like Crypto, Futures Bring In Customers, Bitcoin Is ‘No. 1’ Recurring Investment (CORRECTED) – Robinhood Markets (NASDAQ:HOOD)

    Related Posts

    Bitcoin

    21Shares dit que June Payroll Surprise établit un stade d’atterrissage qui pourrait catalyser le bitcoin au-delà de 200 000 $

    July 3, 2025
    Bitcoin

    Le FNB Bitcoin de BlackRock grimpe rapidement au troisième rang des revenus, se rapproche de la première place

    July 3, 2025
    Bitcoin

    3 raisons pour lesquelles Bitcoin pourrait bientôt atteindre un sommet de tous les temps

    July 3, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    The Commodities Feed: Oil inventory draws | articles

    July 25, 2024
    Commodities

    Research Corner July 22nd – Options Jive

    July 22, 2024
    Finance

    Dirigeants de la finance | Parcours fulgurant d’une jeune vice-présidente finances

    May 8, 2025
    What's Hot

    Vendre le bitcoin ou tenir? Modèle économique qui sobre par l’investisseur Fred Krueger

    May 31, 2025

    La chaîne de Babylon peut être la plus sous-évaluée Bitcoin Defi Bet: Nansen

    April 17, 2025

    Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — Oct 21

    October 20, 2024
    Most Popular

    Repligen executive sells over $1.1 million in company stock By Investing.com

    August 6, 2024

    Bitcoin strategy is a ‘betrayal’

    October 12, 2024

    Viré. Le spectacle de théâtre de l’école sera financé par le foyer rural

    April 10, 2025
    Editor's Picks

    7 raisons de célébrer ce record historique !

    May 21, 2025

    Should You Buy VinFast Auto Stock While It’s Below $5?

    July 20, 2024

    US tariff uncertainty keeps aluminium, copper in tight range

    February 13, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.