👍👍Bitcoin Started Its ATH Journey: First Consolidation Then Show of Power! 👍👍

Popular analyst and trader Michaël van de Poppe states that Bitcoin is on a journey towards its historical peak, but some obstacles must be overcome before reaching this goal.

Van de Poppe evaluated the cryptocurrency market in his analysis dated July 19. Emphasizing that Bitcoin has returned to the 60-70 thousand dollar range, Poppe stated that a new peak is targeted after this point.

However, the experienced analyst stated that there may be a possible consolidation period before starting this journey to the top. He also predicted a strong buying wave with the spot Ethereum ETF launch.

Bitcoin is currently trading in the range and I think we will likely see an uptrend towards all-time highs from there. With the listing of the Ethereum ETF, we may start to see strong momentum, especially in Ethereum.

The US-based spot Ethereum ETF is scheduled to launch on July 23.

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