Big Week Coming for Bitcoin As BTC Flashes ‘Ideal’ Build Up for Potential Rallies, According to Analyst
Crypto analyst Michaël van de Poppe has widely followed that this week can prove pivotal for Bitcoin while BTC is a recovery stage from a 2025 low $ 74,000.
Van de Poppe tells his 785,200 followers on the Social Media X platform that there is a chance that the Federal Reserve will overthrow interest rates at its meeting this week, Slated For May 6 to th -7.
According to the analyst, a fed rate cut may serve as a catalyst that Fuels Bitcoin ran to a higher height.
“Big week to come to Fed.
The likelihood of a cutting rate is significant, and if the cutting rate comes, another confirmation of the money supply to go to ballistic and crypto and bitcoin to succeed. “
Looking at BTC's weekly chart, Van de Poppe thinking That BTC's retest of a major price area as support is what Bitcoin needs to maintain its bull run.
“If I look at this chart for Bitcoin, it looks like we have a good retest of the previous resisting zone at $ 75,000 that has been a support.
This is a fine build-up before the next leg upward. “
Pag -zoom in, van de poppe Says That bitcoin flashes bullish price action after breaking the price levels “important”.
“Bitcoin has one important level to break: $ 87,000.
It was done and it continued to interrupt higher.
It also returns to the range of over $ 92,000.
This means-> Any sink is a great opportunity toward the new full time (ATH). “
The analyst also believe That two macroeconomic factors conspire to bring bitcoin to fresh record highs.
“As the financial expansion and business expand is about to warm up, we are likely to see Bitcoin's continuation of one and and higher.”
At the time of writing, Bitcoin costs $ 94,375.
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