Cryptocurrency analyst and strategist Michael van de Poppe believes Bitcoin (BTC) could reach a new record high. Van de Poppe stated that if Bitcoin surpasses its critical resistance level, a new record could be achieved.
New Record Expectation for Bitcoin
Van de Poppe told his followers on social media platform X that if Bitcoin makes a 2.25% jump from its current value, a new ATH could be seen at the beginning of September. According to the analyst, breaking the $62,000 resistance level will remove the obstacles in front of Bitcoin and allow it to reach new peaks.
In his assessment, the analyst said, “It feels great to see the markets moving upwards. Bitcoin has jumped up and approached its last resistance at $62,000. If this level is broken, a new ATH can be seen within September. I think data related to spot ETFs will also contribute positively during this process. If Bitcoin breaks $62,000, it could reach a new record level in less than two weeks.”
“Ethereum Could Ignite a Rise in Altcoins”
Van de Poppe also noted that if Ethereum (ETH) turns a key resistance level into support, it could signal an upward trend for the altcoin market. The analyst emphasized that the critical resistance level for Ethereum is $2,700 and that surpassing this level could trigger a significant rise in altcoins.
The analyst said, “Ethereum looks great but needs to continue its upward movement. The critical level to break is $2,700. There is a gap between $2,700 and $3,100, and filling this gap could trigger a significant rise in altcoins.”
Van de Poppe stated that as long as Ethereum maintains its $2,500 support, the upward trend will continue, saying, “ETH only needs to stay above $2,500. If this happens and momentum returns with spot ETFs, the next target will be $3,150. It will just feel great to return in an upward mode.”
