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Michaël van de Poppe, a seasoned crypto analyst, has recently shared an optimistic timeline for Bitcoin’s potential price movements. His insights suggest that Bitcoin is on the verge of retesting its all-time high (ATH) in the coming weeks, highlighting a setup for significant price increases. Do you think BTC will achieve the $100k mark this year? Read on to find out! It was less than 2-4 weeks and we’ve got close to the all-time high for #Bitcoin. What’s next? I think $80,000 in November, $90,000-100,000 in December and #Altcoins to strongly outperform as Yields are going to drop. https://t.co/tsPmdZJwAl — Michaël van de Poppe (@CryptoMichNL) October 30, 2024 Bitcoin to Hit $90k-$100k in Dec In a recent X post, van de Poppe shared his insights on the current state of Bitcoin, expressing confidence in the cryptocurrency’s upward trajectory. In his analysis, it has taken less than four weeks for Bitcoin to approach its ATH, raising questions about what lies ahead. He predicts that Bitcoin could reach $80,000 in November and possibly hit between $90,000 and $100,000 by December.  Plus, he expects altcoins to significantly outperform Bitcoin as yields are anticipated to decline. Key Price Levels to Watch Interestingly as we step into November 2024, Bitcoin’s price movement is at a crucial zone. Analysts are closely monitoring key levels, with the $74,500 to $75,500 range likely serving as resistance if Bitcoin approaches or surpasses it. Should Bitcoin rise, the expected support levels lie between $71,500 and $72,000. There is also potential for an upswing toward $77,000 to $80,000, depending on whether $73,800 can be flipped into a support level. Keeping an eye on these key price points will be essential for understanding Bitcoin’s short-term direction. Moreover, Van de Poppe further indicated that the recent dip in Bitcoin’s price has likely concluded,…

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Filed under: News - @ October 31, 2024 3:15 am