Analyst Hints At Major Upside For Bitcoin Amid The Geopolitical Tensions Expectations
The post Analyst Hints At Major Upside For Bitcoin Amid The Geopolitical Tensions Expectations appeared on BitcoinEthereumNews.com.
Michaël van de Poppe believes that a breakout towards $107K should lead to a rally, although altcoins will perform better if geopolitical tensions ease. Bitcoin is holding resistance at $108,064 as inflows to ETF and the acquisition of 1,112 BTC by Metaplanet have increased buyer confidence. Technical indicators suggest rising volatility, and a breakout above $111,980 could push Bitcoin toward $116K or higher. Michael van de Poppe, a renowned crypto analyst, has noted in a post on X that Bitcoin is looking to breakout in a big way, but a little pullback is expected first, followed by sharp movement above $107,000. He also said that the geopolitical cooldown in the Middle East could boost the move, and the altcoins might begin to outdo once Bitcoin settles. Source: X Bitcoin recovered forcefully on Monday, hitting over 107,000 during the European session. This price has breached notable resistance of $106,406 and is currently facing the level of the $108,064 price, a Fair Value Gap (FVG) that is considered bearish. A daily close above it may facilitate a rally to the May 22 all-time high of $111,980. The tension in the Middle East has increased, but purchases in the market have not slowed down. Van de Poppe added that traders regularly overlook opportunistic entry points and the given configuration could be gracious to nonchalant buyers in case of a bearish breakout. ETF Inflows and Corporate Accumulation Fuel Price Strength Institutional investment is still entering Bitcoin. CoinShares reported 1.9 billion in inflows into digital asset products last week. The inflows to Bitcoin-specific products reached 1.3 billion a week, closing a short-lived outflow phase and indicating increased institutional trust once more. The iShares Bitcoin ETF by BlackRock was the most active, with almost $1.5 billion, which is a positive sign that many traditional investors were…
Filed under: News - @ June 17, 2025 1:28 pm