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<p>Michaël van de Poppe who has more than 700k followers on X, formerly Twitter, posted a viral Bitcoin chart today and he predicted that the BTC price will move up next week.</p>
<p>Bitcoin is now trading above $63,000, <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">up 1% today</a>. Let’s breakdown his insights.</p>
<h2 class="wp-block-heading" id="analyzing-the-bitcoin-chart">Analyzing the Bitcoin Chart</h2>
<p>Van de Poppe’s chart highlights several key areas of interest for Bitcoin traders and investors. The $59,000 zone is labeled as “likely taking liquidity here,” suggesting that the market may have triggered stop losses or filled large buy orders at this level before rebounding.</p>
<p>This recent dip to around $59,000 served as a crucial support zone, with liquidity being taken at this point. Following this, there was a swift move back up to $62,739, indicating a strong bullish recovery.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="542" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-1024x542.png" alt="" class="wp-image-565665" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-1024x542.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-300x159.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-768x406.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-1536x812.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-2048x1083.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-284x150.png 284w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-662x350.png 662w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444-788x416.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-444.png 1611w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong>Source: X/<a href="https://x.com/CryptoMichNL/status/1845020705265451318" target="_blank" rel="noopener noreferrer nofollow">@CryptoMichNL</a></strong>
 </figcaption>
</figure>
<p>The chart also emphasizes a major resistance zone between $64,130 and $65,000. Van de Poppe notes that a breakout of this zone would likely lead to a test of new all-time highs and potentially fuel an altcoin run. This level has historically acted as a significant barrier for Bitcoin’s price action.</p>
<h2 class="wp-block-heading" id="michael-s-bitcoin-price-prediction-short-term-expectations">Michael’s Bitcoin Price Prediction: Short-Term Expectations</h2>
<p>Based on Van de Poppe’s analysis, after the current upward move, a few days of consolidation are expected before a more substantial upward movement. This suggests that Bitcoin might range between $60,748 and $64,130 before attempting a breakout.</p>
<p>The volume profile on the chart appears somewhat muted, indicating that this recovery hasn’t been accompanied by large volume spikes yet. A breakout above $65,000 would likely require a significant increase in buying pressure to sustain the momentum.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/youtuber-says-kaspa-kas-is-easily-top-5-crypto-heres-why/" target="_blank" rel="noopener noreferrer nofollow">YouTuber Says Kaspa (KAS) Is ‘Easily’ Top 5 Crypto – Here’s Why&nbsp;</a></strong></em></p>
<p>The Relative Strength Index (RSI) at the top of the chart shows a downward trend from an overbought level, suggesting that the market has recently cooled off after a strong rally. However, it’s not yet oversold, leaving room for further downside or sideways consolidation before the next leg up.</p>
<p>The chart highlights a major support zone between $57,000 and $56,000. This is a critical level to watch for any dips, as it’s likely where buyers will step in again. On the upside, the $64,130-$65,000 zone remains the key resistance that needs to be broken for <a href="https://captainaltcoin.com/top-analyst-predicts-a-strong-rally-for-bitcoin-price-but-heres-the-catch/" target="_blank" rel="noopener noreferrer nofollow">a new bullish trend to take shape</a>, potentially leading toward new all-time high tests.</p>
<p>Van de Poppe’s tweet adds important context to this analysis. He suggests that the recent dip to $59,500 was a liquidity-taking event, where larger players forced the price down to trigger stop losses before buying into the liquidity and pushing the price back up.</p>
<p>The analyst forecasts a consolidation period before <strong>a more significant breakout next week</strong>. This aligns with the chart, showing potential range-bound action between $59,000 and $64,000. The $64,000 – $65,000 range is identified as the key level that, once broken, <a href="https://captainaltcoin.com/bitcoin-bulls-should-give-70k-a-go-as-this-btc-metric-soars/" target="_blank" rel="noopener noreferrer nofollow">could lead to new all-time high tests</a> and potentially kick off a major altcoin run.</p>
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<p>The post <a href="https://captainaltcoin.com/elite-crypto-analyst-predicts-bitcoin-price-will-move-significantly-up-next-week-is-an-ath-next/" rel="noopener noreferrer nofollow">Elite Crypto Analyst Predicts Bitcoin Price Will Move ‘Significantly Up’ Next Week – Is an ATH Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Elite Crypto Analyst Predicts Bitcoin Price Will Move ‘Significantly Up’ Next Week – Is an ATH Next?

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