Bitcoin on Pace for New Peak with Resolution of These Two Key Issues, According to Trader Michaeël van de Poppe.
Bitcoin Breakout: Analyst Predicts New All-Time High Amidst Clarity on Tariff Policies and Fed Rate Cuts
Crypto analyst Michael van de Poppe believes Bitcoin is stuck in a range, but is confident it will break out towards new all-time highs once the Trump tariff policies and the Fed's rate cut plans become clearer.
In a recent tweet, van de Poppe shared his analysis with his 783k followers on X Social Media, stating: "Bitcoin is still in a range for about two months. Once there's light at the end of the tunnel with the Fed's rate cuts and tariff policies, Bitcoin will fast rally towards new highs this quarter."
The analyst also sees Bitcoin outperforming Gold over the next year, as he believes it will be substantially higher than Gold percentage-wise. If given an extra $1,000 to invest, van de Poppe prefers to put it in Ethereum instead.
Bitcoin is currently trading at $84,576, holding steady on the day.
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- Amidst the ongoing clarification of tariff policies and the Fed's rate cut plans, analyst Michael van de Poppe anticipates Bitcoin to break out towards new all-time highs this quarter.
- Van de Poppe also suggests Bitcoin may outperform Gold over the next year, with a higher percentage return, prompting him to choose Ethereum for a hypothetical $1,000 investment.
- In the industry announcements, BYDFi launches MoonX, which brings CEX and DEX dual engines, marking a new era in decentralized trading.
- A new report by economist Henrik Zeberg predicts explosive growth in the crypto industry as central banks inject liquidity to avoid a recession.
