Bitcoin analysis created excitement: Preparing for the rise!

Crypto analyst Michaël van de Poppe stated that the Bitcoin (BTC) price is blinking at $60,000 with the rise it has made in the last 24 hours.

Recovery increases have begun in the crypto market. The decline in consumer inflation to 2.5 percent annually in the US has increased expectations for monetary easing. #BTC has risen from $55,000 to $58,000 since the inflation data.

MN Consultancy founder Van de Poppe claimed that a positive outlook has formed in $BTC and that a potential rise could occur at any time. The analyst drew attention to support and resistance points.

Stating that the $56,000 level is of critical importance for #Bitcoin (BTC), Michaël van de Poppe said: “BTC is currently attacking resistance. If $58,000 is broken, then I think we will reach $62,000 in a very short time.

The analyst, who addressed his followers via X, reassured them with his BTC analysis. The analysis, which showed that the $56,000 support was working successfully, stated that the resistance at $58,000 would end the downtrend.

According to the analysis, if BTC is rejected from the $58,000 resistance, it may retreat to $56,000. If the said support level does not work, the BTC price may fall to $55,000, which is the liquidity collection zone.

Van de Poppe's "critical" support levels stand out as $53,600 and $52,550. If BTC breaks these two supports, it may sign new lows.

The analyst who commented on the chart said: "BTC is holding up very well with the retest of the critical zone. $BTC has to stay strong, otherwise we may have to look at $53,000 or $48,000. If the bullish progress continues, we may rise above $60,000.”