Michael van de Poppe: NEAR all-time high remains 9x above current rally versus Bitcoin

Michael van de Poppe: NEAR all-time high remains 9x above current rally versus Bitcoin
NEAR remains far from all-time high

Michael van de Poppe highlights that NEAR’s valuation relative to Bitcoin is still significantly below its all-time high.

According to van de Poppe, the recent rally for NEAR is minor in comparison to the gains seen during a true bull market, with the token needing to multiply by nine times before reaching previous peak levels.

Earlier this year, Michael van de Poppe commented on the return of the bull market as Bitcoin approached $80,000 in a previous outlook. He also noted Bitcoin’s rangebound action and identified $78,000 as a key resistance level, while observing opportunities in altcoins in an earlier analysis. These observations provide context for van de Poppe’s latest remarks on NEAR’s performance relative to Bitcoin.

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