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Cryptocurrency News Articles
Analyst Sees Dips as Opportunities Toward New All-Time High for Bitcoin
May 05, 2025 at 02:00 am
Prominent crypto analyst Michaël van de Poppe has highlighted a pivotal moment in Bitcoin's recent price action.
Prominent crypto analyst Michaël van de Poppe has highlighted a pivotal moment in Bitcoin’s recent price action.
According to van de Poppe, Bitcoin breaking through the $87,000 level was a crucial technical milestone—and one that has now been decisively cleared.
“Bitcoin had one crucial level to break through: $87K. It did and it continued to rally higher,” van de Poppe shared on X (formerly Twitter), highlighting the significance of this resistance level in Bitcoin’s chart history.
Following the breakout, BTC has surged even further, reclaiming a key trading range above $92,000. This move marks a notable bullish reversal, suggesting a shift in market sentiment as the cryptocurrency inches closer to a potential new all-time high (ATH).
The chart accompanying van de Poppe’s tweet illustrates this breakout, showing a clear upward trend, a double bottom retest earlier in the year, and a “fake move” followed by a strong rally. The move above $92,000 appears to be holding, reinforcing the bullish momentum.
READ MORE: Coinbase to Delist Five Tokens on May 16
“Any dip is a good opportunity towards the new ATH,” van de Poppe added, signaling that corrections in the near term may present buying opportunities for investors anticipating another leg up.
As of now, Bitcoin’s ability to hold above $92K could act as a launchpad for further gains, especially if bullish macroeconomic trends and investor sentiment continue to align.
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