Ramazan Eles 
Cryptocurrency analyst Michaël van de Poppe has highlighted Bitcoin’s (BTC) recent price surge, suggesting it could soon hit $60,000.
The cryptocurrency market is experiencing a notable rebound. With consumer inflation in the U.S. dropping to an annual rate of 2.5%, expectations for monetary easing have increased. Since this inflation data was released, BTC has climbed from $55,000 to $58,000.
Van de Poppe, founder of MN Consultancy, believes a positive trend is emerging for BTC and that a potential breakout could occur at any moment. He has pointed out crucial support and resistance levels for Bitcoin.
Will Bitcoin Continue to Rise?
According to Van de Poppe, the $56,000 mark is crucial for Bitcoin. He stated:
“BTC is currently testing resistance. If we break through the $58,000 level, I expect we could see a rapid rise to $62,000.”
Addressing his followers on X, Van de Poppe provided an optimistic analysis of BTC. His review suggests that the $56,000 support level is holding well and that a resistance at $58,000 could end the current downtrend.
The analysis indicates that if BTC fails to overcome the $58,000 resistance, it might retreat to $56,000. Should this support level fail, BTC could drop to $55,000, a liquidity zone.
Van de Poppe’s “critical” support levels are at $53,600 and $52,550. If BTC breaks through these supports, it might establish new lower levels.
Commenting on the chart, the analyst noted:
“The repeated testing of the critical area shows BTC is holding up well. BTC needs to maintain strength, otherwise, we might need to consider $53,000 or even $48,000. If the bullish momentum continues, we could see BTC surpass $60,000.”
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