en.bitcoinsistemi.com
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.