Outside Source
Crypto analyst Michaël van de Poppe said that there is a high chance Bitcoin will hit a new all-time high in the coming weeks.
In a recent post on X, Michaël van de Poppe celebrated Bitcoin’s surge to $105,000 on Jan. 30. According to CoinGecko, Bitcoin (BTC) opened at $103,719 on this day and is now trading at $105,137. Expressing optimism, van de Poppe suggested that a new all-time high could be on the horizon in the coming weeks.
This followed his earlier X post where he noted that Bitcoin had reached $104K after the FOMC meeting and projected that if it broke above $105K, a new ATH high in Feb. would be likely. The FOMC meeting, which was held on Jan. 29, concluded with the decision of maintaining the federal funds rate within the target range of 4.25% to 4.50%. This decision follows three consecutive rate cuts in the latter part of 2024.
Bitcoin’s surge past $105K erased the losses from the DeepSeek dip and reignited bullish sentiment among analysts. Michaël van de Poppe isn’t the only one who expressed his optimism. Pentoshi also pointed out Bitcoin’s resilience in the face of the broader market weakness. Sharing his thoughts with his 749,200 followers on X, he noted that BTC is holding above the middle of its current range, which has now turned into support. Given this resilience, he sees no reason why new highs shouldn’t be expected soon.
Bitcoin’s ATH currently stands at $108,786, a record set on January 20.
This article first appeared at crypto.news
