About mid-May we reached a new all-time High (ATH) where Bitcoin (BTC) then recorded a peak value of nearly 112,000 dollars. In the following weeks, however, we saw a long lateral price movement. Yet, according to the well -known Dutch analyst Michaël van de Poppe, that will soon change. For example, we would have left the “bottom” behind us, according to a recent X Post.
BTC in the discount
The FOMC meeting takes place today and usually the day before is the low point for Bitcoin, which this time was around 103,600 dollars. During this meeting, the US Central Bank (Federal Reserve) discusses monetary policy, including interest rates.
They are currently still relatively high, with a value of 4.25 percent to 4.50 percent. An interest rate reduction would be good news for crypto, since investors often look for more risky investments such as Bitcoin.
Why does Bitcoin actually fall in advance of this meeting? That is because investors are often reluctant because of the uncertainty about what will happen. Some investors then choose to limit their risk by selling (risk-off). As soon as there is clarity again, for example after the speech by Jerome Powell, trust returns to the market (Risk-on).
This time we can mainly attribute decrease to the tensions in the Middle East. It is of course difficult to say whether the interest meeting has also played a role.
The interest decision takes place 20:00 in Dutch time. If Powell comes out with good news, which would mean for investors that the interest is reduced, then we can expect increases in both the traditional and the cryptomarkt. But that chance unfortunately seems pretty small.
The Futuresmarkt estimates the chance that the interest will remain the same at 99.9 percent. That would mean that investors are disappointed for the sixth meeting in a row. The last interest rate reduction was in December 2024. Then we saw a sharp rise in the BTC course, with a new all-time high of $ 106,000 reached.
In addition, Van de Poppe states that global liquidity, also known as the M2 money quantity, is about to increase considerably. Historically there is a strong correlation with the Bitcoin course. Earlier you could read that Bitcoin can rise to up to 160,000 dollars if history is repeated.
M2 is a benchmark for the amount of money in circulation. And the more money there is, the more money can flow to investments. The Dutchman therefore indicates that Bitcoin is currently in the discount. “Buy it now, before you have to buy it back again at much higher prices,” he told his nearly 800,000 followers.
Outbreak within ‘two weeks’
Another well -known Dutch analyst, known on X under the name Daan Crypto Trades, also shares the optimism of his countryman.
In addition to the increasing money supply, he also points to technical patterns that look good. At the moment BTC is still stuck in a sideways trend, but according to him it is very likely that the digital currency will break through in June. He expects that we will see a big movement somewhere in the coming “week to two weeks”.
Source: https://newsbit.nl/bitcoin-staat-in-de-korting-nederlandse-expert-verwacht-prijsstijging/
