Cryptocurrency Analyst Michaël van de Poppe Predicts Bullish Trend for Bitcoin and Optimism

Cryptocurrency analyst and trader Michaël van de Poppe has shared his insights on the potential bullish movements of Bitcoin (BTC) and Optimism (OP) in the current market.

Bitcoin’s Potential Surge

Van de Poppe, with a significant following on the social media platform X, believes that Bitcoin is showing signs of turning bullish. He suggests that if BTC manages to break above the resistance level at around $108,900, it could soar above $112,000 and reach a new all-time high.

Referring to his chart analysis on the four-hour time frame, Van de Poppe indicates that Bitcoin may experience a dip to the $100,000 zone if it loses support at $105,500. At the time of writing, Bitcoin is trading at $105,617.

Optimism’s Bullish Divergence

Van de Poppe also highlights the scaling solution Optimism (OP), noting a bullish divergence against Bitcoin on the three-day time frame. A bullish divergence occurs when the price makes lower lows or moves sideways while an indicator like the Relative Strength Index (RSI) forms higher lows.

According to the analyst, this bullish divergence suggests that Optimism could be on the verge of a turnaround against Bitcoin. OP is currently trading at 0.00005373 BTC ($0.561).

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