Don’t see any reason we don’t get new highs soon on this at the very least
Bitcoin’s ATH currently stands at 8,786, a record set on January 20.
In a recent post on X, Michaël van de Poppe celebrated Bitcoin’s surge to 5,000 on Jan. 30. According to CoinGecko, Bitcoin (BTC) opened at 3,719 on this day and is now trading at 5,137. Expressing optimism, van de Poppe suggested that a new all-time high could be on the horizon in the coming weeks.
This followed his earlier X post where he noted that Bitcoin had reached 4K after the FOMC meeting and projected that if it broke above 5K, a new ATH high in Feb. would be likely. The FOMC meeting, which was held on Jan. 29, concluded with the decision of maintaining the federal funds rate within the target range of 4.25% to 4.50%. This decision follows three consecutive rate cuts in the latter part of 2024.
Also above the middle of the current range and acting as support pic.twitter.com/ShccyOLe1F
