A widely-held crypto analyst says that if BTC breaks through one important level of resistance, Bitcoin could surge to a new all-time high (ATH).
In a new thread, Crypto Trader Michaël Van De Poppe tells 792,500 followers on social media platform X that Bitcoin will likely play $108,500 in support and trade sideways a little longer before making a massive breakout to the new ATH.
“The slight integration before the next breakout, that’s what Bitcoin is telling us. It can’t break through this resistance in one and therefore it’s consolidating. That’s fine, I think we’ll see a big breakout in the ATH once we cleared $108,500.”
Source: Michaël Vande Poppe/X
Bitcoin is trading at $106,706 at the time of writing and is flat for the day.
Analysts then say Ethereum (ETH) could be on the explosive crisis as it holds a level of around $2,400 in support.
“We may be testing the other side of the range in the coming weeks…
We expect strong continuation from ETH to occur over a few days/week.
Source: Michaël Vande Poppe/X
Looking at his charts, he suggests that ETH could once again reach the $2,800 level in early July.
ETH is trading at $2,430 at the time of writing and is flat on the day.
Generated Image: Midjourney
