Bitcoin’s price has gained nearly 2.7% today, slowly recovering from the Strategy’s $216 million Bitcoin sale earlier this week. As of now, BTC is trading above last week’s high and nearing t
Bitcoin’s price has gained nearly 2.7% today, slowly recovering from the Strategy’s $216 million Bitcoin sale earlier this week.As of now, BTC is trading above last week’s high and nearing the key $65,543 resistance level. Popular crypto trader Michael van de Poppe believes Bitcoin is gaining strength and doesn’t expect the market to fall from here.
Here’s why.
The largest cryptocurrency, Bitcoin, has finally moved back above last week’s price high, and is now trading around $64,410. Popular crypto analyst Michael van de Poppe believes the recent price action shows growing strength.
“There’s more strength coming in on BTC. That’s a great move, and I don’t expect to see the markets falling here.”
The daily BTC chart also supports this view.
Looking at it, Bitcoin has bounced from the recent descending trendline and is attempting to reclaim the 100-day moving average, while holding above the $60,876 support zone.
If buyers keep control, the next major target sits around $65,500-$66,000, with a possible move toward the $70,000 level in the next one to two weeks.
Well-known crypto analyst That Martini Guy also pointed to another bullish signal.
The Bollinger Bands have started tightening again after nearly a week of sideways trading. Historically, periods of lower volatility are often followed by sharp price moves.
According to the analyst, the most important task for Bitcoin is now to turn $64,000 into support.
If that happens, BTC could quickly challenge $65,543 before making a run toward $70,000.
CryptoQuant analyst Axel Adler Jr. sees a similar picture from Bitcoin’s on-chain data.
According to his Short-Term Holder Realized Pressure Model, spot selling pressure continues to weaken while buying activity is increasing.
The STH chart shows that during the recent decline toward the $62,000-$63,000 range, buying pressure once again moved ahead of selling pressure.
The chart reading shows buyers remain in control, with buying pressure around 30% compared to roughly 22% selling pressure.
Adler noted that short-term holders are buying the recent dip, similar to what happened earlier this year. Meanwhile, new buyers are still sitting in a small profit and are creating the nearest support zone around $63,600.
If buyers successfully push BTC above $65,500, analysts believe the path toward $70,000 could open much faster.
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cryptoquant
CryptoQuant is an analytics platform driven by the community to lower the complexity of data-based decisions. It provides the best data resolution to the block, low latency, high exchange coverage, user network, and Web3 compatible analysis. Company Details Founder: Ki Young Ju, Soojin Lim, Byungkook Jang Founded: 2018 Headquarters: South Korea CEO: Ki Young Ju Key Features: Offers a comprehensive interface for analyzing and obtaining cryptographic data collected from blockchains. Provides a brief view of market data, on-chain data, and short- and long-period indicators for Bitcoin, Stablecoins, Ethereum, and ERC20 tokens. Enables custom notifications and alerts for key metrics like spikes in network activity, large transfers from wallets, and exchange reserve changes. Offers educational resources like tutorials and blogs that include explanations on on-chain metrics to help users understand better. FAQs 1. Who is the CEO of CryptoQuant? Ki Young Ju is the CEO and co-founder of CryptoQuant. 2. When was CryptoQuant founded? 2018 3. Who founded CryptoQuant? Ki Young Ju, Soojin Lim, and Byungkook [email protected]
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michael van de poppe
michael van de poppeMichaël van de Poppe, a 32-year-old economist, crypto expert, and entrepreneur from the Netherlands, began his crypto journey 8 years ago in February 2017 when a friend introduced him to Bitcoin and altcoins. Fascinated by the potential of blockchain to transform the financial world, he invested in his first altcoin. Since the beginning of 2018, Michaël has been working full-time in the Web3 sector, when he launched his first crypto educational company, which he scaled to 18 people. In 2023, he took his company to the next level by launching MN Fund, MN Capital, and MVP Marketing & Social Media. MN Fund is an investment fund registered with the Dutch Financial Authorities that focuses on volatility trading and OTCs. MN Capital is a Venture Capital firm that invests in and advises early-stage Web3 projects with the goal of accelerating blockchain adoption. MVP Marketing & Social Media manages Michaëls social media channels, which are utilized to create support and reach for Web3 projects with strategic branding and community building, and also produces the New Era Finance Podcast, where Michaël hosts in-depth conversations on crypto, finance, and the future of the economy. Quick Facts of Michaël van de Poppe: Fields Details Full Name Michaël van de Poppe Nationality Dutch Education Bachelor's Degree in Economics, University of Amsterdam Profession Economist, Crypto Analyst, Entrepreneur, Investor Known For Founder of MN Trading and MN Capital, Crypto Market Analysis Net Worth Approximately $1.45 million (2026 estimate) Crypto Stance Supports Bitcoin, Ethereum, blockchain adoption, Web3 innovation, education, and long-term investing. Timeline of Events / Career Highlights: 2018 - Established Eight Global (now MN Trading), a crypto education and consultation platform, and started working in the field of Web3 on a full-time basis.2019 - Published more educational material and established an expanding online community of cryptocurrency traders.2020 - Turned into one of the best crypto analysts on social media through technical analysis and market commentary.2021 - Expanded MN Trading and earned global fame as a crypto educator and speaker.2022 - Expanded consulting and educational services for blockchain companies and investors.2023 - Rebranded his educational ecosystem to MN Trading while launching MN Fund, MN Capital, and MVP Marketing & Social Media.2024 - Continued investment in early-stage blockchain companies while presenting the New Era Finance Podcast and being a speaker at global crypto conferences.2025 - Venture capital operations expanded through MN Capital and continued to contribute to the spread of blockchain via education and investments. EntrepreneurChief Executive OfficerTraderMarket Analyst
BTC$ 63,989.58(1.95%) 