Compass Investments

– Reputable crypto analyst Michael van de Poppe says this week could be a key week for bitcoin as BTC recovers from its 2025 low of $74,000.

Van de Poppe told his 785,200 followers on social network X that a possible interest rate cut by the U.S. Federal Reserve at this week’s meeting from May 6-7 could happen.

According to the analyst, a Fed rate cut could be the catalyst that pushes bitcoin’s growth to new heights.

It’s going to be an important week with the Fed, and if it happens, it will be another confirmation that the money supply will start to circulate and cryptocurrencies and bitcoin will be successful.

Looking at the weekly chart of BTC, Van de Poppe believes that BTC retesting an important price zone as support is exactly what bitcoin needs to continue its uptrend.

If you look at this bitcoin chart, it looks like we just made a great retest of the previous resistance zone at $75,000, which was support,

this is just the perfect development before the next upward move.

Zooming in, Van de Poppe argues that bitcoin is exhibiting bullish price behavior after breaking through “critical” price levels.

Bitcoin had one critical level to break: $87,000.

He did, and he continued to rally.

It’s also back above $92,000.

That means any decline is a great opportunity to make a new all-time high (ATH).

The analyst also believes that two macroeconomic factors have combined to push bitcoin to new all-time highs.