Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
What's Next for Bitcoin? Analyst van de Poppe Explains: "Big Things Are Coming in the Next Two to Four Weeks!"

What's Next for Bitcoin? Analyst van de Poppe Explains: "Big Things Are Coming in the Next Two to Four Weeks!"

BitcoinsistemiBitcoinsistemi2024/10/24 14:36
By:Elif Azra Güven

Analyst Michael van de Poppe has claimed that Bitcoin will reach a new all-time high in a few weeks.

The leading cryptocurrency Bitcoin (BTC) excited investors by reaching as high as $69,500 at the beginning of the week, but then fell to $66,000.

While this decline has raised concerns, popular analyst Michael van de Poppe has claimed that Bitcoin will reach a new all-time high in a few weeks.

Stating that he is optimistic about Bitcoin, Poppe said that he sees the solid decline as a healthy correction.

Sharing his analysis from his X account, the analyst remained bullish on BTC and argued that a new ATH could occur in the next two to four weeks.

This ATH will be supported by favorable macroeconomic conditions, Poppe added.

Stating that apart from Bitcoin, the altcoin named NEAR is also on the rise, Poppe said that the markets are preparing for the next big rise.

Stating that NEAR is a perfect example of this situation, the analyst said that NEAR is slowly climbing upwards and the next target in the rally is $10-15.

There we go.

The dip has happened on #Bitcoin .

I think that the correction is over as today's macroeconomic season is kicking off with PMI data.

Expecting to see the ATH test in the next 2-4 weeks. pic.twitter.com/gQBfj9ewqu

— Michaël van de Poppe (@CryptoMichNL) October 24, 2024

*This is not investment advice.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

VIX futures sound early alarm! U.S. midterm elections in November expected to become a window of high volatility for U.S. stocks

Traders in the equity derivatives market have already started preparing for potential increased volatility around the time of the U.S. midterm elections in November.

智通财经2026/08/26 00:16
VIX futures sound early alarm! U.S. midterm elections in November expected to become a window of high volatility for U.S. stocks

AI infrastructure falls from "tech narrative" to "vote poison"! Wall Street unanimously warns: AI trading faces political risks from the midterm elections

Wall Street warns that American voters' anger over AI development may put AI-related trades at risk.

智通财经2026/08/25 23:36
AI infrastructure falls from "tech narrative" to "vote poison"! Wall Street unanimously warns: AI trading faces political risks from the midterm elections

Bescent's intervention shows initial results as US Treasury yield spreads narrow significantly; long-term bond traders bet on further decline in yields

Although long-term U.S. Treasury yields remain near multi-year highs, the latest market indicators show that the Treasury Department's interventions have begun to take effect, and traders are increasingly reluctant to challenge this policy force, which the market refers to as the "BESENT put option."

智通财经2026/08/25 22:36
Bescent's intervention shows initial results as US Treasury yield spreads narrow significantly; long-term bond traders bet on further decline in yields