A popular crypto analyst thinks Bitcoin could reach new record highs next month if it stays above a certain price level.
Bitcoin’s Bullish Outlook
Michaël van de Poppe, who has a large following on social media, believes Bitcoin could jump over 19% from its current price in October. He says that if Bitcoin stays above $58,500, we could see new all-time highs.
He also thinks that the recent Federal Reserve rate cut could give Bitcoin a boost in the short term. He predicts that Bitcoin could rise to between $65,000 and $68,000 if the Fed continues to lower interest rates.
Ethereum’s Potential
Van de Poppe also discussed Ethereum, saying that it needs to break through a key resistance level to start performing better against Bitcoin. He believes that if Ethereum can flip the 0.04-0.041 BTC level into support, it could see significant gains.
Important Disclaimer
Remember, this is just one analyst’s opinion. It’s always important to do your own research and not rely solely on predictions before making any investment decisions.
