Ah, Bitcoin. It’s the cryptocurrency equivalent of that elusive treasure chest—always just out of reach, but forever tantalizing. Well, according to the crypto sage Michaël van de Poppe, Bitcoin is getting ready to potentially break records and make all-time highs again. Yes, you heard that right. If it can somehow wrestle with that annoying resistance range between $106,500 and $107,000, it might just show us the greatest comeback since Rocky Balboa. 🥊
“Bitcoin has lost the crucial support level. However, the drop isn’t as severe as we might expect. This means, reclaim of $106,500-$107,000, that would be the party trigger sign for new all-time highs.”
Currently, Bitcoin is trading at $105,694, down 1.5% in the last 24 hours. Just a minor dip—no need to panic, folks. It’s not like Bitcoin hasn’t pulled off bigger miracles before. 🙄
Next, let’s talk about Ethereum. The mighty ETH has been having a bit of a rollercoaster ride but fear not, the analyst believes it’s still in an uptrend and primed for something truly spectacular. Ethereum might have briefly tripped over the $2,700 mark, but don’t let that fool you; that’s not the level that matters. Van de Poppe sees bigger things in store, and when Ethereum finally breaks $2,850, it could make a giant leap for crypto-kind. 🚀
“ETH did break through $2,700 and failed immediately. The thing is, that’s not the crucial level. The second thing is, it’s still building up for a big breakout. When does that happen? Above $2,850 is where the liquidity is and the longer it takes for a breakout to happen, the heavier it will be.”
He also points out that ETH has been showing some impressive strength against Bitcoin lately. The ETH/BTC pair has been climbing steadily for the last couple of months. The more it climbs, the more it looks like it’s ready to pounce and take over—just when you thought Bitcoin was the only game in town. 👀
“ETH has seen a strong upwards move in April and May, It has also retested the OB (order block) at 0.023 BTC and has held there. This means that we’re about to test the highs and continue the run.”
ETH/BTC is currently trading at 0.2461 BTC ($2,597), showing a minor dip in the last 24 hours. But we’ve all seen this show before. Don’t panic, just wait for the next episode. 📉
And now, the wildcard: Bittensor (TAO). Yes, you may not have heard of it, but this little decentralized network is making waves, and van de Poppe seems to like it. He’s turning bullish on TAO, claiming it’s fighting off the last bit of resistance and could shoot for the stars if it breaks through. He even suggests that if it dips below $400, it’s practically a bargain. Could this be the underdog crypto that makes it big? Only time will tell. 🧐
“TAO looks great, as it’s fighting the final resistance. Ideally, sub-$400 is a steal for this one in which we continue to show an uptrend even if it drops south of that level. It’s the only one in my portfolio nicely holding up and I think we’ll be seeing $700-$800 soon.”
At the time of writing, TAO is trading for $397, down 6.4% in the last 24 hours. A little dip, sure. But hey, remember that sometimes the best things come to those who wait—or at least those who don’t freak out during the dips. 🙃
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2025-05-30 21:22