Michaël van de Poppe

“Yields drop. The Dollar drops. I'm sure the overall sentiment surrounding rate hikes will fade. I wouldn't be surprised by a breakout in #Bitcoin, resulting in $ETH running to $2,500 and DeFi waking up. It's finally becoming a better period.”

“CPI Data: CPI Y/Y 3.5% vs. 3.8% expected CPI M/M -0.4% vs. -0.1% expected Core CPI Y/Y 2.6% vs. 2.8% expected Core CPI M/M 0.0% vs 0.2% expected That's a positive signal for any risk-on asset including #Bitcoin.”

“The $ETH / $BTC chart is improving day by day. It's outperforming #Bitcoin significantly since it's seen the recent low at 0.0260 BTC. I would assume we're going to see a lot more strength, as it's breaking above higher-timeframe MAs, which indicates we're in an uptrend. https://t.co/h7dIScxChp”

“#Bitcoin is holding up nicely above $61,000 and is green for the day. But, oil continues to go up and the War has started? Yes, however, Japanese Yields are going down, which is a good signal for risk-on assets. The Japanese Yields might even have topped out, which would be even better. I'm assuming Bitcoin will continue to chop, however, this doesn't look bad at all.”

“Despite the overall weakness, $ETH isn't bothered. It's showing a lot of strength, as it continues to go up. A lot of momentum in this one against #Bitcoin and I'm sure this will continue to last, given that the Clarity Act seems to be on the horizon. https://t.co/ifVq8TRbLD”

“I don't think much has changed on #Bitcoin, yet. However, there's clearly a lack of strength, as; - Yields are going up. - Oil is going up. - Nasdaq is going down. There's also a clear bearish divergence (and bullish divergence) at play. Matter of question of which one is going to be the valid one, but if you'd ask me right now, I'd go for the fact that we're going to see a breakdown here beneath $61,000 and make a triple bottom/divergence in July. Ultimately, the entire area of $61,000 is the most important one that I'd like to see hold in order to avoid further downwards momentum.”

“That's the breakout of the Oil prices upwards, and that's resulting in a lot of other assets to be breaking down. - Gold has gone beneath $4,000. - Oil has gone up to $83. - Nasdaq breaking down. - #Bitcoin beneath $62,000. As I've mentioned a few times earlier, $61,000 is the vital level for #Bitcoin for me, otherwise we're looking at a longer correction and a test of the lows.”

“There we go. Trump starts to be busy with the Clarity Act. This should indeed be approved and passed by the Senate. We're all ready for the biggest bull market of our lives in #Crypto & #Bitcoin. https://t.co/n1BGMVZ60C”

“Nothing has changed in the outlook for $ETH. The price tried to break through resistance. Unfortunately, this didn't happen. However, every time it tests the resistance, it becomes weaker. Next test/breakout, I'm still expecting to see it run to $2,500. Until now, it remains to be acting above the 21-Day MA and the 50-Day MA.”

“This should be your focus when it comes to markets moving in #Bitcoin. Not the Strait of Hormuz, that impact is long gone. The bond markets are moving the markets. The moment this turns around: - $BTC breaks above $65,000. - $ETH will outperform Bitcoin. - DeFi starts to wake up.”

“The #Bitcoin price action is holding up well. Just a consolidation, and the first few tests at $65,000 have happened. It has also held the $61,000 area for support. I expect to see a breakout above the 21-Day MA over the next 1-2 weeks. https://t.co/pR5ERPTJMv”

“This correction has, in my opinion, little to do with everything in the Middle East. It has a lot more to do with the Japanese Yield jumping again. I expect to see a breakdown in Yield over the next 1-2 weeks, which would automatically lead to a positive breakout in #Bitcoin. https://t.co/PMM60DwD1n”

“Despite the fact that the #Bitcoin dominance is still at 59%, I'm under the thesis that it's downtrending. Why? Clearly the trend has flipped since the breakdown in the Summer of last year, however, no follow-through has happened. As Clarity comes up and there's clearly more strength in $ETH rather than $BTC, I'm not surprised to see this fall to sub 55%.”

“Despite the fact that the #Bitcoin dominance is still at 59%, I'm under the thesis that it's downtrending. Why? Clearly the trend has flipped since the breakdown in the Summer of last year, however, no follow-through has happened. As Clarity comes up and there's clearly more strength in $ETH rather than $BTC, I'm not surprised to see this fall to sub 55%.”