Bitcoin Could Reach New All-Time Highs in October, Says Crypto Analyst
A popular crypto analyst is optimistic about Bitcoin’s price potential, suggesting that the leading cryptocurrency could achieve new all-time highs in the coming month if it maintains a crucial support level. Michaël van de Poppe, a well-known crypto trader, shared his insights with his 725,500 followers on X, predicting a potential surge of over 19% for Bitcoin in October.
Van de Poppe stated, “Bitcoin is above $60,000 again, following a minor correction. If it continues to hold above $58,500, we could see a new ATH in October.” The analyst also highlighted the impact of the recent 50 basis point rate cut by the Fed, suggesting that this move could further propel Bitcoin’s price in the near future.
Currently trading at $62,307, Bitcoin has seen a 3.9% increase in the last 24 hours. Van de Poppe emphasized the significance of key levels for Ethereum as well, particularly pointing out the need for ETH/BTC to flip a crucial resistance level into support for a potential breakout.
ETH/BTC is currently trading at 0.03839 BTC ($2,386) at the time of writing. Van de Poppe’s analysis and market insights continue to draw attention from crypto enthusiasts and investors looking for potential price movements in the market.
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