A widely followed crypto analyst says Bitcoin (BTC) is busy accumulating for another breakout.
Crypto trader Michaël van de Poppe tells his 711,500 followers on the social media platform X that gold and BTC are on their way to new all-time highs (ATHs).
“Bitcoin looks like it wants to build up before another breakout.
Gold continues the rally towards new ATHs as well.”
Source: Michaël van de Poppe/X
BTC is worth $69,383 at time of writing, up 1.6% in the last week.
Looking at Polkadot (DOT) trading against BTC, Van de Poppe says he will be adding the interoperability chain to his portfolio soon.
“There we go, DOT reached a cycle low on the BTC valuation due to the strength of Bitcoin.
Rotation is near, fundamental progress is there, I’m glad to be adding this to my personal portfolio.”
Source: Michaël van de Poppe/X
DOT is worth $8.14 (0.00012 BTC) at time of writing, down 2.3% in the last seven days.
Finally, Van de Poppe looks at Synthetix (SNX), a decen
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