Bitcoin

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 A widely followed crypto analyst says Bitcoin (BTC) is busy accumulating for another breakout.
 Crypto trader Michaël van de Poppe&nbsp;tells&nbsp;his 711,500 followers on the social media platform X that gold and BTC are on their way to new all-time highs (ATHs).
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 “Bitcoin looks like it wants to build up before another breakout.
 Gold continues the rally towards new ATHs as well.”
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 Source: Michaël van de Poppe/X
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 BTC is worth $69,383 at time of writing, up 1.6% in the last week.
 Looking at Polkadot (DOT) trading against BTC, Van de Poppe&nbsp;says&nbsp;he will be adding the interoperability chain to his portfolio soon.
 “There we go, DOT reached a cycle low on the BTC valuation due to the strength of Bitcoin.
 Rotation is near, fundamental progress is there, I’m glad to be adding this to my personal portfolio.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GK3aaO8XAAAkUAd?format=png&amp;name=large" alt="" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 DOT is worth $8.14 (0.00012 BTC) at time of writing, down 2.3% in the last seven days.
 Finally, Van de Poppe looks at Synthetix (SNX), a decentralized finance (DeFi) crypto that allows synthetic asset creation on Ethereum (ETH). According to the&nbsp;analyst, SNX has little to no momentum right now when trading against BTC.
 “Downwards momentum and continuation here, through which a break back above 6000 satoshis would mean that there’s a lot of strength involved.
 Not too much momentum here, firstly ETH needs to rotate and then these will return too.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GK3bEFAXoAAPHGc?format=png&amp;name=large" alt="" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 SNX is worth $3.69 (0.000053 BTC) at time of writing, down 4.2% on the day.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-predicts-bitcoin-build-up-before-breakout-updates-outlook-on-two-altcoins-tbt85236.html">https://thebittimes.com/crypto-analyst-predicts-bitcoin-build-up-before-breakout-updates-outlook-on-two-altcoins-tbt85236.html</a>

Crypto Analyst Predicts Bitcoin Build-Up Before Breakout, Updates Outlook on Two Altcoins

TheBitTimes

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