Analyst: Bitcoin Showing ’Great Signal’ — Could ’Attack’ $70,000 If It Holds Above $65K
Amsterdam-based analyst Michaël van de Poppe flagged a bullish structure in Bitcoin (BTC) after a short sweep of lows and an immediate rebound. Van de Poppe posted an hourly BTC/USD chart showing upward market structure above $65,000 and said BTC could start “attacking” $70,000+ after Friday options expiry, provided it holds above $65K. Data aggregator Santiment reported a surge in bullish social sentiment across X, Reddit and Telegram following the U.S. president’s congressional speech; BTC briefly rebounded to about $66.2K before retreating to roughly $65K. Santiment noted rising retail profit-taking alongside growing FOMO, warning that elevated retail FOMO can limit further rallies as traders often misread price action. They also highlighted that Bitcoin’s correlation with equities has been unusually weak over the past six months, suggesting room for BTC to catch up if correlation with the S&P 500 resumes. Key points: main keyword — Bitcoin; price context — brief high near $66.2K, support threshold at $65K, target mentioned $70K+; influencers — Michaël van de Poppe, Santiment; catalysts — options expiry and U.S. presidential speech-driven social sentiment.
Bullish
The article contains multiple bullish signals: an upward market structure above $65,000 identified by a well-known analyst (Michaël van de Poppe), an explicit target of $70,000+ contingent on holding $65K, and heightened bullish social sentiment reported by Santiment. Short-term catalysts include Friday options expiry (which can amplify directional moves) and a positive sentiment spike after the U.S. presidential speech. These factors increase the probability of an upside push in the near term. Countervailing risks are noted — retail profit-taking and rising FOMO, which historically have capped rallies or contributed to reversals when retail becomes overcrowded. Over the short term (days to weeks) expect higher volatility and a skew toward bullish price attempts, especially around options expiry; traders should watch the $65K support and options flow. Over the longer term (months), the outlook depends on whether BTC re-establishes correlation with equities and broader macro trends; if correlation and institutional inflows resume, BTC could have more sustained upside, but persistent retail sell pressure and macro shocks would temper gains. Similar past events: options expiries and social-sentiment spikes have driven quick rallies (and sometimes sharp reverts) — e.g., previous expiry-driven moves into 2021–2022 and sentiment-driven bounces followed by profit-taking. Practical guidance: monitor $65K support, options calendar, on-chain flows, and social/bullish sentiment metrics for trade signals and risk management.