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Michaël van de Poppe: Bitcoin will rise to $85k
Crypto World News reports that analyst Michaël van de Poppe said Bitcoin’s trend is clearly bullish. He pointed out on social media that market sentiment is stable, and that strong momentum and supportive short-term technical indicators show the trend remains robust. He said, “The market is looking forward to Bitcoin’s rise—there’s no need to worry.” Even so, Poppe warned that Bitcoin could briefly stall around a key resistance level. He said, “The critical resistance at $79,000 has a lot of sell orders/short positions that need to be broken through. We might first test this resistance, then pull back slightly to find additional momentum, and ultimately break through to $86,000… Overall, the higher Bitcoin rises, the stronger the momentum, and the more obvious the breakout of altcoins will be.” He described the current market phase as constructive consolidation within an uptrend, and expects Bitcoin to move into the $85,000 area within the next 2-3 weeks.