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The cryptocurrency analyst, Michaël van de Poppe, stated that this week could be pivotal for Bitcoin, especially ahead of the Federal Reserve (Fed) interest rate decision on May 6-7, 2025. This decision could potentially be a catalyst for the next price movement of BTC.
Technical Support and Potential Increase
If I look at this chart for #Bitcoin, it looks like we've just had a beautiful retest of the previous resistance zone at $75K becoming support.
This is just an ideal build-up before the next leg upwards. #crypto #btc
maximal_crypto_
maximal_crypto@maximal_crypticalluding to the previous resistance zone at $75,000 (about Rp1,228,350,000) which is now serving as support, the price point is ideal for continuing the uptrend, according to the analyst. He further adds that the mentioned support zone is a perfect foundation for continuing the ongoing uptrend in the current week.
Highlighting a crucial breakout, van de Poppe said that Bitcoin has managed to break through the important level of $87,000 (about Rp1,424,886,000) and is currently trading above $92,000 (about Rp1,507,776,000), showcasing strong bullish momentum.
The analyst stated that any drop from the current price can be considered as an opportunity for accumulation towards new record highs. Against this background, investors and crypto market participants are closely monitoring BTC’s movements.
Macroeconomic Factors and Their Impact
two key macro factors that have the potential to push #Bitcoin to new highs.
monetary expansion and the business cycle.
If the FED cuts rates this week, this could strengthen the money supply and support the price growth of #crypto assets like BTC.maximal_crypto_highlighting two key macroeconomic factors that could influence Bitcoin's trajectory, highlighting two key macroeconomic factors that could influence Bitcoin's trajectory, crypto analyst Michaël van de Poppe expressed his optimism for the potential continuation of Bitcoin's bull market.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
If I look at this chart for #Bitcoin, it looks like we've just had a beautiful retest of the previous resistance zone at $75K becoming support. This is just an ideal build-up before the next leg upwards. #crypto #btcmaximal_crypto_ Optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming week
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key macro factors have the potential to push #Bitcoin to new highs.
maximal_crypto_optimism towards Bitcoin's bullish momentum, hinting at the potential for even higher highs in the coming period.
suggesting that two key
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