Analysis: Bitcoin Predicted to Rise After Finding Support at $57,000, New High Possible in October
"Golden Finance reported that Michaël van de Poppe, founder of MN Trading, posted on X: “Bitcoin is not absorbing liquidity, but it is following the plan. I expect it to drop to around $57,000, then find support in this range and continue upwards. Gold is hitting record highs, and Bitcoin is also expected to follow this path, potentially reaching a new high in October.” Yesterday, Poppe said: “With debt refinancing driving it, global liquidity is about to surge, which could trigger the next Bitcoin bull market. Crypto assets and commodities remain ‘grossly undervalued’, with commodities last being valued at similar levels in 2000 and 1971. Commodities are likely to enter a 10-year bull market. I expect both asset classes to have significant upside potential.”