In the tumultuous, ever-unpredictable world of cryptocurrency, a highly regarded analyst is making bold predictions. The latest Bitcoin breakout? Oh yes, it’s the start of something much bigger—an uptrend that will carry the digital currency to a new all-time high. Isn’t that just thrilling?
In a rather eloquent thread (for those who enjoy scrolling through the endless noise of the internet), Michaël van de Poppe, the crypto trader with an impressive following of 784,400 on X (formerly Twitter), declares with the sort of certainty only a crypto trader can muster: Bitcoin will likely hang out for a while in the $90,000 range before it accelerates further.
“A solid upwards trend, break $87,000 and we’ll test $92,000-$94,000 for Bitcoin. That’s what we’re seeing right now. A short-term top and some consolidation around $93,500-$95,250. Great signs on the board, folks! It’s very likely we’ll start the uptrend to an ATH (all-time high).”
At the time of writing, Bitcoin stands at a modest $93,608—a slight uptick, if we want to sound sophisticated. Not exactly moon material, but close enough for crypto enthusiasts to get a little giddy.
Next, Van de Poppe turns his attention to the ETH/BTC pair, suggesting that Ethereum might just be making a move of its own. A “bullish divergence” on the daily chart? Oh, the drama! A bullish divergence, for those not well-versed in crypto-speak, happens when prices dip, but indicators like the Relative Strength Index (RSI) rise, as if to mock the market’s sense of direction.
“A potential bullish divergence on ETH. On lower timeframes: reclaim within the range against Bitcoin. It looks like gold has had its wick and is peaking short-term. If ETH holds around 1,820 sats, we’ll likely be aiming for 2,000 sats in the next few days.”
At present, ETH/BTC is hovering at 0.01918 BTC, which is approximately $1,793. A modest 1.75% increase in the last 24 hours, because let’s face it, slow and steady wins the race—unless, of course, the race is being run by Bitcoin.
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2025-04-24 15:06