According to TechFlow, Michael van de Poppe, founder of MN Capital, said that Bitcoin could rise to $110,000 in the next major rebound.
Veteran trader Peter Brandt warned that despite hot events such as halving and ETFs, Bitcoin is still forming lower highs and lower lows.
Van de Poppe linked the recent price volatility to miners’ plight, pointing to rising operating costs and reduced mining rewards due to the halving. “The hashrate drop on July 1 was as severe as during the FTX crash,” he said.
