Bitcoin to Hit New All-Time High in 30 Days, Says Top Analyst

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As a seasoned crypto investor with over a decade of market experience under my belt, I’ve learned to weather the storms and ride the waves of this volatile yet exciting industry. The recent dip in Bitcoin price around the $69,000 mark might have caused some jitters among newer investors, but for me, it’s just another healthy correction in the grand scheme of things.

The cost of Bitcoin (BTC) was turned down near the $69,000 mark. Since that time, it has dropped towards the $66,000 price area. Some might view this as a negative trend and stir fear, uncertainty, and doubt in the market, but many see it as a normal price adjustment. There remains a positive outlook on the market, with several predicting a new record-breaking high for Bitcoin’s price.

Financial expert Michael van de Poppe shares optimism about Bitcoin, offering a confident prediction for its price today. His statement adds to the growing enthusiasm within the community. While acknowledging a recent drop in Bitcoin’s value, van de Poppe suggests that this correction has now concluded. He reinforces his argument by pointing towards the approaching macroeconomic season, which includes PMI data.

One significant market indicator is the S&P Global PMI, which influences markets greatly. It surveys over 30 mature and emerging economies worldwide. According to Michaël van de Poppe, he anticipates that Bitcoin might reach a new all-time high within the upcoming two to four weeks.

Broader crypto rally

Previously, the analyst once more pointed out the price decrease and stated that Bitcoin fell around the 65,000 mark but swiftly rebounded upwards. He suggested that this minor correction was nearly complete. Later, Michaël van de Poppe emphasized that we have entered a broader economic phase, hinting at decreasing yields and a thriving cryptocurrency market.

Right now, Bitcoin is being bought and sold at approximately $66,857. In the last day, it has seen a small increase of 0.56%. After experiencing some losses recently, taking it close to the $65,000 mark, it seems that Bitcoin could be on its way to recovery. What’s more, there has been a significant surge in trading volume today by 16.34%, which suggests that a potential new all-time high for BTC might occur in the upcoming weeks according to analyst predictions.

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2024-10-24 14:54