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Experienced analyst reveals the level Bitcoin must break for an altcoin rally
Crypto analyst Michaël van de Poppe stated in his latest Bitcoin market analysis that bullish signals are strengthening and a critical breakout level is approaching.
According to the analyst, the current price structure of Bitcoin, contrary to previous expectations, allows for a bullish scenario without the need to accumulate liquidity below previous lows.
Van de Poppe noted that historically, the market often rallied after sweeping liquidity below previous lows. However, he emphasized that this scenario has not yet occurred, while the probability of an upward trend continues to increase. He highlighted $71,000 as the key threshold at this stage.
He believes that strong market momentum could emerge if Bitcoin breaks above $71,000, and that this move may not be limited to Bitcoin alone. He specifically pointed out that stronger momentum is already visible in Ethereum, suggesting it could act as a leading indicator for the broader market.
Van de Poppe also outlined price targets, stating that the initial key range is $76,000–$79,000. If this range is surpassed, the next target would be $86,000. According to the analyst, a breakout above these levels could trigger a new mini altcoin rally.
See also: "Grayscale: why quantum computers are not yet a threat to Bitcoin"
