Crypto trader Michaël van de Poppe is predicting big things for Bitcoin (BTC). He believes BTC is showing signs of a bullish trend.
Bitcoin’s Potential Surge
Van de Poppe, who boasts a massive following on X (formerly Twitter), suggests that if Bitcoin can break through the $108,900 resistance level, it could skyrocket past $112,000 and set a new all-time high. He noted that Bitcoin’s upward trend is a positive sign. However, he also cautioned that if BTC loses support at $105,500, it could dip down to around $100,000. At the time of writing, Bitcoin was trading at approximately $105,617.
Optimism (OP) Also Looks Promising
Van de Poppe isn’t just focusing on Bitcoin. He’s also bullish on Optimism (OP), a scaling solution for Ethereum. He sees a bullish divergence forming on the three-day chart for OP against Bitcoin. This means that while the price of OP is either making lower lows or moving sideways, an indicator like the Relative Strength Index (RSI) is showing higher lows. This, he says, suggests OP could see a significant price increase against Bitcoin soon. OP was trading at approximately 0.00005373 BTC ($0.561) at the time of this writing.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies.
