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Michael van de Poppe expects Bitcoin to maintain its current strength and potentially rally toward $73,000 and $83,000, noting that the cryptocurrency is holding above both its 21-day and 50-day moving averages.
This forecast highlights ongoing bullish momentum for Bitcoin as long as these technical support levels are preserved.
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Van de Poppe previously described only a minor Bitcoin correction, maintaining a bullish outlook for the near term in a recent market update. He has also identified early signs of positive momentum after several altcoins broke a one-year downtrend, as detailed in a separate report. His recent calls follow a pattern of tracking both Bitcoin stability and emerging altcoin trends.