Large week to come for Bitcoin while BTC flashes “ideal” for potential rallies, according to the analyst
Crypto analyst widely followed, Michaël Van de Poppe, said this week could be crucial for Bitcoin while BTC features a lower $ 2025.
Van de Poppe says to its 785,200 subscribers on the social media platform X that there is a chance that the Federal Reserve reduce interest rates at its meeting this week, dried From May 6 to 7.
According to the analyst, a drop in rate of the Fed can serve as a catalyst fuel Bitcoin flows to higher heights.
“Large week to come with the Fed.
The probability of a rate drop is significant, and if this drop in rate comes, another confirmation of the money supply to become ballistic and crypto and bitcoin to succeed. »»
Looking at the weekly graphic of BTC, Van de Poppe thought This BTC retaining of a key price zone as a support is exactly what Bitcoin needs to maintain his Bull Run.
“If I look at this graph for Bitcoin, it seems that we have just had a beautiful retest from the previous resistance zone at $ 75,000 by becoming support.
This is just an ideal accumulation before the next step up. »»
Zoom before, Van de Poppe said This bitcoin flashes a bullish price action after having broken the “crucial” price levels.
“Bitcoin had a crucial level to pierce: $ 87,000.
He did it and continued to rally.
It also returned to the range of more than $ 92,000.
This means -> Any drop is a good opportunity for the new summit of all time (ATH). »»
The analyst too believes That two macroeconomic factors conspire to bring bitcoin to new records.
“Like monetary expansion and the economic cycle are about to warm up, it is very likely that we will see a continuation of bitcoin to an ath and more.”
At the time of writing, Bitcoin is worth $ 94,375.
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