A Crypto Analyst Predicts Bitcoin All-Time Highs, Ethereum Breakout, and Bittensor Bullish Trend

Bitcoin Eyes New All-Time Highs

A well-known crypto analyst suggests that Bitcoin is on the verge of reaching new all-time highs if it can secure key support levels. In a recent update on X, trader Michaël van de Poppe indicates that if Bitcoin can break through the resistance range of $106,500-$107,000, it could potentially surpass its previous peak of approximately $111,800.

At the time of writing, Bitcoin is trading at $105,694, showing a 1.5% decrease in the last 24 hours.

Ethereum Poised for Breakout

Van de Poppe also discusses Ethereum’s potential for a significant breakout. While ETH recently surpassed $2,700 but retraced, the analyst believes that the crucial level for a breakout is above $2,850. He suggests that the longer it takes for the breakout to occur, the more impactful it will be.

Moreover, ETH has displayed strength against Bitcoin (ETH/BTC) in recent months, indicating a potential breakout against the leading cryptocurrency.

Bittensor (TAO) Shows Promise

Van de Poppe expresses optimism towards Bittensor (TAO), a decentralized blockchain network focusing on an AI marketplace. He notes that TAO is approaching a crucial resistance level and believes that acquiring it below $400 presents a favorable opportunity. The analyst predicts a potential price range of $700-$800 for TAO in the near future.

Currently, TAO is trading at $397, showing a 6.4% decrease in the last 24 hours.

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