Cryptocurrency analyst and trader Michael Van de Poppe says Bitcoin (BTC) is showing signs of bullishness.
Van de Poppe tells 792,200 followers on social media platform X that if Bitcoin surges above $112,000 and BTC exceeds resistance level and exceeds $108,900, it can reach its all-time high.
“Bitcoin is a trend back to the top. This is a great sign.”
Source: Michaël Vande Poppe/X
Based on the widely followed analyst Bitcoin chart on the four-hour time frame, Van De Poppe appears to have seen BTC immerse themselves in the roughly $100,000 zone if Crypto King loses $105,500 in support.
Bitcoin is trading at $105,617 at the time of writing.
Next is Optimism (OP) of Scaling Solutions. Optimism formed a bullish difference against Bitcoin over a three-day time frame, according to widely followed analysts and traders.
While indicators such as the relative strength index (RSI) form higher and lower prices, while lower prices or trends are turned sideways, bullish divergence forms. Van de Poppe said the formation of a bullish Divergence OP could indicate that Altcoin is “very likely to spin really quickly” against Bitcoin.
Source: Michaël Vande Poppe/X
The OP is trading at 0.00005373 BTC ($0.561) at the time of writing.
Generated image: dalle3