Bitcoin Could Hit New All-Time High In Next Two Weeks If This Key Level Breaks, Says Top Analyst
Portfolio Pulse from Rounak Jain
Crypto analyst Michaël van de Poppe predicts Bitcoin could reach new all-time highs if it surpasses a key resistance level of $62,000. Bitcoin is currently trading at $64,028, having surged past this level. Van de Poppe also highlights the potential impact of ETF data inflows on Bitcoin's price. Additionally, he notes that Ethereum could trigger an altcoin market uptrend if it breaks the $2,700 resistance level.
August 24, 2024 | 5:35 am
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POSITIVE IMPACT
Bitcoin is predicted to reach new all-time highs if it surpasses the $62,000 resistance level. Currently trading at $64,028, Bitcoin has already surged past this level, indicating potential further gains.
Bitcoin has already surpassed the key resistance level of $62,000, which is a bullish signal. The mention of ETF data inflows further supports the potential for a price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ethereum could trigger an altcoin market uptrend if it breaks the $2,700 resistance level. This would likely lead to a significant upward run in altcoins.
Breaking the $2,700 resistance level is crucial for Ethereum to signal an uptrend in the altcoin market, which could lead to significant gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80