Cryptocurrency Trader Says New BTC Sets New Record Hinting at Potential 223 Surge in Major Altcoin

CoinWorld reported:
A highly regarded cryptocurrency analyst believes that Bitcoin (BTC), despite falling to the $65,000 range on Wednesday, is on the verge of a breakthrough.
Cryptocurrency trader Michaël van de Poppe told his 732,700 followers on the social media platform Twitter that the correction in Bitcoin may have already ended, and it could reach its previous all-time high of around $74,000 in a few weeks.
“We’re on. Bitcoin had its dip. I think the correction is done here as the macroeconomic season starts with Purchasing Managers’ Index (PMI) data today. Expecting ATH tests to be seen in the upcoming two to four weeks.”


Source: Michaël van de Poppe/X
At the time of writing this article, Bitcoin was trading at $67,802, with a 2.5% increase in the past 24 hours.
Next, the analyst is bullish on Near Protocol (NEAR), a competitor of Ethereum (ETH), suggesting that the token could see a 223% increase soon.
“The market is preparing for the next big move. NEAR is a perfect example. It retested the previous consolidation area and slowly moves up. The next targets on the rebound are $10 to $15.”


Source: Michaël van de Poppe/X
At the time of writing this article, NEAR was trading at $4.64, with a 2.1% increase in the past 24 hours.
Lastly, the analyst states that if the US Dollar Index (DXY) starts to decline, the Ethereum/Bitcoin (ETH/BTC) pair could surge.
“It all ultimately comes down to the DXY and yield reversals. If that happens, I believe we’ll see a rapid demand for the Ethereum ecosystem. Once we break 0.04 BTC, we’re off.”


Source: Michaël van de Poppe/X
At the time of writing this article, the ETH/BTC trading price was 0.03731 BTC ($2,527), with a 2.66% decrease in the past 24 hours.
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