Top Crypto Analyst Says Bitcoin Could Retest All-Time High, 'If It Holds Above $69K'

Benzinga Neuro

April 09, 2024

Renowned crypto analyst MichaÃ«l van de Poppe has indicated that Bitcoin (CRYPTO: BTC) could be on the verge of testing its all-time high, contingent on its ability to maintain a key price level.

What Happened: On Tuesday, van de Poppe, a prominent figure in the cryptocurrency community, suggested that Bitcoin is ascending towards a potential retest of its all-time high.

“#Bitcoin climbing towards a renewed test of the all-time high. If it holds above $69K, it seems likely that we’ll have such a test,” he wrote on X, formerly Twitter.

Van de Poppe’s post came as Bitcoin has been experiencing a significant rally, with the cryptocurrency community closely monitoring its performance. The tweet was posted on a Sunday, reflecting real-time insights into the weekend’s crypto market dynamics.

At the time of writing this article, Bitcoin was trading at $70,773.87 as per Benzinga Pro.

See Also: Governor Greg Abbott Says ‘US Economy Is Doing So Well Is Because The Texas Economy Is Doing So Well’

#Bitcoin climbing towards a renewed test of the all-time high.

If it holds above $69K, it seems likely that we'll have such a test. pic.twitter.com/ua1AFttoxJ
— MichaÃ«l van de Poppe (@CryptoMichNL) April 9, 2024

Why It Matters: Bitcoin’s proximity to the $69,000 mark has been a topic of interest among investors and analysts alike. Major cryptocurrencies are surging with predictions of Bitcoin potentially hitting $125,000 before 2025.

However, some market veterans. Arthur Hayes, BitMEX co-founder, warned of a possible “raging firesale” in the crypto market, influenced by the upcoming Bitcoin halving and the Federal Reserve’s policies.

Van de Poppe himself has been vocal about strategies for capitalizing on the crypto market. Recently, he shared his plan for making millions in crypto throughout 2024, emphasizing strategic portfolio management as a key to success.

Read Next: ‘Are You Kidding Me?’: Joe Biden-Appointed Judge Slams DOJ For Ignoring House GOP Subpoenas Related To Hunter Biden

Image via Shutterstock

Engineered by Benzinga Neuro, Edited by Pooja Rajkumari

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

Recommended

Elon Musk Drops Stunning Bombshell? - Ad

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Uh-oh! There's a New Shortage Brewing: And Trump Is Furious - Ad

Popular

What's Going On With ADMA Stock Monday?

ADM shares are trading higher Monday after the company announced the FDA's approval of its yield enhancement process.

Peter Schiff Calls Out 'TRUMP' Coin Gala Invite: 'Hunter Biden Is Already Being Outdone'

Economist Peter Schiff took potshots at the private gala dinner invitation to top holders of Official Trump (CRYPTO: TRUMP) meme coin, equating it to corruption charges against Joe Biden’s son, Hunter Biden.

You Can Take a Stake in Elon's xAI Before June 1st...

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Key things to know about the upcoming summer movie season

already has a lot on his shoulders. It seems unfair to add the fate of the to his list. But he's not alone — Marvel Studios is also returning to theaters in a big way with two this summer, “Thunderbolts” and “The Fantastic Four: First Steps.”

Crypto Wallet Fragmentation Grows: 62% Of Users Manage Multiple Wallets, Report Says

A new report has revealed that 62% of crypto users now manage two or more wallets, highlighting deep fragmentation in the on-chain user experience.

Did Trump Just Publicly Back Favorite AI Energy Stock??

Did Trump Just Publicly Back Favorite AI Energy Stock?? - Ad

It's wildly profitable - Over $3 billion in operating income. It has a partnership with the hottest AI stock on Wall Street. And Trump has publicly backed it?

Cheap parcels from China will no longer be duty-free. Here's what it means for buyers and sellers

NEW YORK (AP) — Consumers can expect higher prices and delivery delays when the Trump administration ends a duty-free exemption on low-value imports from China Friday.

Thousands of chickens euthanized in South Africa after they were left starving and eating each other

CAPE TOWN, South Africa (AP) — Animal welfare officers faced the grisly task of euthanizing more than 350,000 chickens by hand after they were left starving and cannibalizing each other when a South African state-owned poultry company ran out of money to feed them, officials said Tuesday.

Tech millionaire makes stunning May 31 prediction

Tech millionaire makes stunning May 31 prediction - Ad

He grew up in a trailer in the mountains outside of Los Alamos. Today, he's a multimillionaire thanks to his investments in the tech world. And now, he says that on May 31, two of the most powerful technologies ever are set to converge-creating more millionaires than anything else

McDonald's store traffic falls unexpectedly as diners grow uneasy about economy

McDonald’s store traffic fell unexpectedly in the first quarter as weighed on diners.

Musk's Ex-Wife Opens Up About Why Life With Elon Was So Difficult

Justine Wilson recently shed light on the complexities of their marriage and the challenges she faced being married to the Tesla CEO.

Nvidia Is About to Shock the World: July 23rd

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Play your cardinals right: Betting on next pope gains popularity ahead of the conclave

ROME (AP) — Next week’s to to as leader of the world’s 1.4 billion Catholics is a solemn affair steeped in .

Nasdaq-100 Leveraged ETF TQQQ Surges 5.5% As Tech Rally, Jobs Data Boost Risk Appetite

Shares of ProShares UltraPro QQQ ETF jumped 5.5% during Friday's session. TQQQ jumped following a stronger-than-expected April jobs report and robust corporate earnings.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

KLA Stock Slips Despite Better-Than-Expected Q3 Results

KLA released its third-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter:

Associated Press finds 'no definitive evidence' to change credit for famous Vietnam War photo

Months after the release of a who took an iconic Vietnam War image of a naked girl running from a napalm attack, The Associated Press said Tuesday it had found “no definitive evidence” to warrant changing a nearly 52-year-old photo credit.

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.

Apple Ordered To Ease App Store Rules In US — Epic Games CEO Tim Sweeney Proposes Peace Deal, Saying 'We'll Return Fortnite' And Drop All Litigation Only If...

Epic Games CEO Tim Sweeney offered to bring Fortnite back to the App Store and end litigation if Apple agrees to global changes in its payment practices.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Floor & Decor Prepared For Current Tariffs As Sourcing Shift Limits China Exposure: Analyst

Telsey analyst lowers price forecast for Floor & Decor Holdings (FND) to $110, maintains Outperform rating. Q1 EPS misses, lowered FY25 guidance.

Peter Schiff Questions Trump's Bitcoin Ambition Amid Trade Deficit Concerns: 'Resources Are Just Wasted'

Economist Peter Schiff says that President Donald Trump’s Bitcoin (CRYPTO: BTC)-centric policy contradicts his aim of correcting the U.S. trade imbalance with the world.

A Historic Gold Announcement Is About to Rock Wall Street

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Disney parks thrive in second quarter and it adds well over 1 million streaming subscribers

Disney’s posted solid profits and revenue in the second quarter as its domestic theme parks thrived and the company added well over a million subscribers to its streaming service.

Upstart Stock Drops Despite Q1 Beat: Analysts Highlight AI Progress, Warn Of Inflation Risks

Upstart reported quarterly revenueof $213.37 million and beat the consensus estimate of $199.49 million.

This Coin Could Surge Like Bitcoin Did Back in 2013...

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Under Armour Faces Tough Road Ahead, Says Analyst

Telsey Advisory Group analyst Cristina Fernandez reiterated a Market Perform rating on Under Armour Inc (NYSE: UAA) and lowered the price target to $7.00 from $10.00. With ongoing challenges in North America and APAC, the company's Q4 FY25 results and FY26 guidance will be closely watched, particularly regarding demand, product reception, and tariff strategies.

Warren Buffett's Favorite 'Single Best Measure' For Equities Flashes Buying Signal As US Stocks Rebound

Warren Buffett's favored "Buffett Indicator" suggests U.S. equities may be undervalued, signaling a potential buy opportunity as stocks rebound.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Starbucks says turnaround is on track, but quarterly earnings and sales fall short

Starbucks' sales are on the upswing again, but the company says its turnaround efforts are far from complete.

Super Micro Computer Stock Is Tumbling Wednesday: What's Going On?

Super Micro Computer shares are trading lower Wednesday after the company reported worse-than-expected third-quarter financial results on Tuesday after the market closed.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Alexandria Ocasio-Cortez Asks,'How Much Did Majorie Taylor Greene Make When She Bought The Dip?'

"Just how much did Marjorie Taylor Greene make when she bought the dip?" Alexandria Ocasio-Cortez asks in the caption of a YouTube video calling for a ban on Congressional trading.

Trump's Tariff Policies Fuel Recession Fears As Millennials Coach Gen Z On Financial Survival

Millennials who weathered the 2008 financial crisis are now offering advice to Gen Z facing their first potential recession as adults amid growing economic uncertainty.

Brace Yourself for Jeff Bezos' "Amazon Helios"

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

What’s that rash? Put some thought into asking Google for medical help

Dr. Google is often on call for worried patients, but it may not give the best advice.

Trump Boots Mike Waltz As National Security Adviser, Taps Marco Rubio As Interim Replacement

Trump ousts national security adviser Mike Waltz amid internal tensions and a messaging scandal, naming him UN ambassador and replacing him temporarily with Secretary of State Marco Rubio.

He Called Bitcoin to $100k... Now He Says This Coin Is Next

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Wall Street Eyes 8th Positive Day As S&P 500 Recoups Tariff-Led Losses, Bitcoin Rallies To $97,000: What's Driving Markets Thursday?

Wall Street pushed higher in midday trading, with the S&P 500 on track for its eighth consecutive gain — its longest winning streak since November 2023. The index rose about 1% to 5,560, fully recovering the losses sustained after former President Donald Trump announced trade tariffs on April 2.

Trending Now