Analyst Says No Reason for Bitcoin Reversal, Sees BTC Approaching Next Resistance Levels – Here Are His Targets

Bitcoin Analyst Michaël van de Poppe Predicts Bullish Market Structure and Altcoin Breakouts

Renowned crypto analyst Michaël van de Poppe has expressed confidence in Bitcoin (BTC) and the broader cryptocurrency market, suggesting that a sudden collapse is unlikely in the coming months.

With over 821,000 followers on X, Van de Poppe shared his insights, highlighting the increasing signs of a bullish market structure for Bitcoin. He believes that Bitcoin is poised to challenge the major resistance level at $88,000, indicating a potential 9%+ increase from its current value.

In a recent tweet, Van de Poppe stated, “There’s clearly no reason to expect Bitcoin to fall, out of nowhere… We can easily test $70,000-$75,000 again, but for now, we’re going higher.” He emphasized the positive price action of Bitcoin above the 21-Day MA and the strong support levels being established.

As of now, Bitcoin is trading at $80,492, experiencing a minor decline of 1.5% over the last 24 hours.

Van de Poppe also foresees significant breakouts for altcoins, anticipating that these digital assets will benefit from increased market confidence and liquidity flow driven by Bitcoin’s upward momentum. He stated, “There’s significantly more upside to come for altcoins… The higher Bitcoin goes, the more momentum altcoins will have.”

As altcoins prepare for potential surges, Van de Poppe advises investors to position themselves strategically before these rapid movements occur. He predicts strong 20%+ daily gains in altcoins in the next one-to-two months, driven by technical breakouts and market dynamics.

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