‘Very Likely’ Bitcoin Has Kicked Off Uptrend to New All-Time High, Says Crypto Trader – Here Are His Targets

A widely followed crypto analyst believes that Bitcoin’s ( BTC ) latest breakout is the start of a larger uptrend that will lead to new all-time highs. In a thread, crypto trader Michaël van de Poppe tells his 784,400 followers on the social media platform X that Bitcoin will likely consolidate for a while in the $90,000 range before continuing higher. “Solid upwards trend, break $87,000 and we’ll test $92,000-$94,000 for Bitcoin. That’s what we’re seeing right now. This is the area for a short-term top and some consolidation (between $93,500-$95,250). Great signs on the board. It’s very likely that we’ll start the uptrend to an ATH (all-time high).” Source: Michaël van de Poppe/X Bitcoin is trading for $93,608 at time of writing, up marginally on the day. Next up, the analyst says that the Ethereum/Bitcoin pair ( ETH /BTC) is showing a bullish divergence on the daily chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “A potential bullish divergence on ETH. On lower timeframes: reclaim within the range against Bitcoin. On the day that gold provides a wick and seems likely to have peaked short-term. As long as it holds ~1,820 sats, I think we’ll attack 2,000 sats in the coming days.” Source: Michaël van de Poppe/X ETH/BTC is trading for 0.01918 BTC ($1,793) at time of writing, up 1.75% in the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix 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 The post ‘Very Likely’ Bitcoin Has Kicked Off Uptrend to New All-Time High, Says Crypto Trader – Here Are His Targets appeared first on The Daily Hodl .