Key Points
- Michaël van de Poppe predicts Bitcoin could reach a new all-time high in the coming weeks.
- Bitcoin’s resilience in the face of broader market weakness is noted by the analyst Pentoshi.
Crypto analyst Michaël van de Poppe has expressed optimism about Bitcoin’s potential to reach a new all-time high in the near future.
In a recent social media post, van de Poppe celebrated Bitcoin’s rise to $105,000 on January 30. As per CoinGecko, Bitcoin (BTC) opened at $103,719 on the same day and is currently valued at $105,137.
Bitcoin’s Potential All-Time High
Van de Poppe’s optimism follows his previous post where he noted Bitcoin’s rise to $104K post the FOMC meeting. He suggested that if Bitcoin could surpass $105K, a new all-time high in February would be highly likely.
The FOMC meeting, which took place on January 29, concluded with the decision to keep the federal funds rate within the target range of 4.25% to 4.50%. This decision came after three consecutive rate cuts in the latter part of 2024.
Bitcoin’s Resilience Amid Market Weakness
Bitcoin’s rise beyond $105K has wiped out losses from the DeepSeek dip, renewing bullish sentiment among analysts. Van de Poppe is not alone in his optimism. Analyst Pentoshi has also highlighted Bitcoin’s resilience amidst broader market weakness.
In a social media post to his 749,200 followers, Pentoshi noted that BTC is maintaining above the middle of its current range, which has now become a support. Given this resilience, Pentoshi believes that new highs can be expected soon.
As of now, Bitcoin’s all-time high is at $108,786, a record set on January 20.
