Renowned crypto analyst MICHAËL VAN DE POPPE has sparked attention with his bold prediction that the cryptocurrency markets are on the brink of a significant breakout. In a recent analysis shared with his 783,200 followers on X (formerly Twitter), VAN DE POPPE highlighted the potential impact of central banks cutting interest rates to stimulate the economy, which could lead to a phenomenon he refers to as the “Banana Zone.”
The term “Banana Zone” is used by crypto analysts to describe a period of rapid and explosive price growth for digital assets. VAN DE POPPE emphasized, “ECB (European Central Bank) doing a rate cut. Trump attacking [Fed Reserve chair] J. POWELL. It’s around the corner, the Banana Zone.”
Focusing on Bitcoin, VAN DE POPPE noted that the flagship cryptocurrency is gaining upward momentum and may soon breach a critical resistance level at $86,549. He stated, “Bitcoin is approaching $85,000 and targets the breakout. Getting excited. Good things are coming.”
The analyst also projected that Bitcoin could reclaim its six-figure valuation by the end of June, stating, “Bitcoin is still nicely consolidating between the two levels. The test at $87,000 did happen, and I think that we’ll see a big breakout once we retest it again. What’s next? Likely a run to an all-time high at the end of this quarter.”
Additionally, VAN DE POPPE stressed the importance of Bitcoin maintaining the $80,000 support level to sustain its upward trajectory. He remarked, “Bitcoin is still stuck in the range, and as long as it stays above $80,000, I think we’ll be fine with further upwards momentum on this one.”
At the time of writing, Bitcoin is trading at $84,572, showing minimal daily movement.
Sources: MICHAËL VAN DE POPPE X posts.