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Michael van de Poppe, industry influencer, believes Bitcoin could experience upward momentum at the start of the month due to likely new inflows from exchange-traded funds.
He notes this pattern typically results in an uptick for Bitcoin prices early in the month, followed by further developments later on.
Van de Poppe recently said that Bitcoin maintained its uptrend despite a risk-off move during the Federal Open Market Committee speech. He previously indicated that further gains could be expected after periods of market uncertainty. The analyst also tracks other assets, noting bullish trends for altcoins in past commentary.