Bitcoin Rally Could Trigger Altcoin Explosion, Says Analyst
Bitcoin may be on the verge of reclaiming all-time highs, according to one seasoned market observer.
Crypto trader Michaël van de Poppe believes the leading digital asset is setting the stage for a fresh price peak, potentially arriving as early as next month.
Van de Poppe pointed to Bitcoin’s ongoing upward trend, suggesting that while a brief period of sideways movement could occur, the larger trajectory remains bullish. He identifies $108,900 as the final significant resistance standing in the way of a record-setting breakout.
The analyst emphasized that Bitcoin has already absorbed nearby liquidity levels—typically a signal of building momentum. Should the current pattern hold, he expects the market to push past this ceiling within the next couple of weeks, sparking a new all-time high sometime in July.
Van de Poppe also pointed to the potential knock-on effect this breakout could have on the broader crypto market. In his view, many altcoins appear positioned for a rally of their own, particularly if Bitcoin triggers widespread short squeezes. These forced buybacks by traders betting against the market can amplify upward momentum, erasing prior losses across the altcoin space in a matter of days.
At present, Bitcoin is trading just below the resistance threshold, hovering around $107,600. Though the price action has cooled slightly in the last 24 hours, the broader setup suggests that the coming weeks could be pivotal—not just for Bitcoin, but for the entire crypto market.
Kosta Gushterov
Reporter at Coindoo
Kosta kam 2021 zum Team und hat sich mit seinem Wissensdurst, seiner unglaublichen Hingabe und seiner analytischen Denkweise schnell einen Namen gemacht. Er deckt nicht nur ein breites Spektrum an aktuellen Themen ab, sondern schreibt auch bemerkenswerte Rezensionen, PR-Artikel und Bildungsinhalte. Seine Arbeit wird auch von anderen Nachrichtenagenturen zitiert.
