Bitcoin is poised to reach new all-time highs in October if it manages to hold a crucial support level, according to crypto analyst Michaël van de Poppe. The trader suggests that if Bitcoin remains above $58,500, a new ATH could be on the horizon, potentially surging the cryptocurrency by over 19%. Van de Poppe also speculates that a Federal Reserve rate cut of 25-50 basis points, which occurred recently, could further propel Bitcoin’s upward trajectory. The current price of Bitcoin stands at $62,307. Meanwhile, the analyst notes that for Ethereum to see a breakout against Bitcoin, it would need to flip a resistance level into support, specifically at 0.04-0.041 BTC.
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Bitcoin Primed To Hit New All-Time High in October if This Happens, According to Analyst Michaël van de Poppe
