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Popular crypto analyst Michaël van de Poppe says Bitcoin (BTC) is not at risk of a sudden collapse in the coming months, pointing to what he describes as a bullish market structure.
Van de Poppe, who has 821,000 followers on X, argues that Bitcoin is showing increasing signs of a bullish market structure and expects BTC to attempt to break through a major resistance level at $88,000, which he frames as a more than 9% increase from its current value.
“There’s clearly no reason to expect Bitcoin to fall, out of nowhere. There’s the general consensus that we’re in a bear flag and that we must see $50,000 later this year.”
He also references prior market shocks and compares the February move to the “COVID-crash,” adding that he does not believe Bitcoin needs to revisit “lower grounds.”
In his view, Bitcoin can “easily test $70,000-$75,000 again,” but “for now, we’re going higher.” He cites technical factors including Bitcoin trading above the 21-Day moving average (MA), which he says is flipping levels for support, along with what he describes as a “constant bid” and continued strength in the Nasdaq.
Van de Poppe’s next resistance zone is between $85,000 and $88,000.
At the time of writing, Bitcoin is trading at $80,492, down 1.5% over the last 24 hours.
The analyst also predicts “massive breakouts” for altcoins, arguing that they may benefit from increased market confidence and liquidity flowing from Bitcoin’s gains.
“There’s significantly more upside to come for altcoins. Most of them have barely moved against BTC. Literally almost nothing.”
Van de Poppe says these moves are often “violent and fast,” driven by short-lived hype cycles, and that traders should position before the move rather than during it.
He expects altcoins to begin moving upward with strong 20%+ daily gains, which he attributes primarily to technical breakouts or liquidations. He adds that this phase could last over the next one to two months, after which he expects more corrections.
“The higher Bitcoin goes, the more momentum altcoins will have,” he concludes.
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