Bitcoin (BTC) Nears New ATH After Reclaiming Highs — @CryptoMichNL Sees Consolidation Triggering Breakout Within Weeks

According to @CryptoMichNL, Bitcoin has taken out prior highs and is close to a new all-time high, signaling strong bullish momentum for BTC. Source: X post by @CryptoMichNL on Oct 3, 2025. He expects a new ATH to print within the next few weeks if BTC consolidates after the move, calling such consolidation “party time” for bulls. Source: X post by @CryptoMichNL on Oct 3, 2025.
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Bitcoin is showing remarkable strength on its charts, as highlighted by prominent crypto analyst Michaël van de Poppe. In a recent tweet, he pointed out that BTC has already surpassed previous highs and is inching closer to establishing a new all-time high (ATH). This development has sparked excitement among traders, with van de Poppe predicting that a new ATH could materialize within the next few weeks. He emphasizes that once Bitcoin enters a consolidation phase, it could signal the start of significant upward momentum, often referred to as 'party time' in trading circles. This optimistic outlook aligns with broader market sentiment, where Bitcoin's price action is closely watched for breakout opportunities.
Analyzing Bitcoin's Path to New All-Time Highs
Diving deeper into the technical analysis, Bitcoin's chart reveals a bullish pattern where it has methodically taken out resistance levels that previously capped its gains. According to van de Poppe's assessment on October 3, 2025, BTC is not far from eclipsing its prior ATH, which stands around $73,000 from earlier cycles. Traders should monitor key support levels, such as the $60,000 mark, which has held firm during recent dips. If Bitcoin consolidates above this threshold, it could pave the way for a surge towards $80,000 or higher. Volume data from major exchanges indicates increasing buying interest, with 24-hour trading volumes exceeding $30 billion in recent sessions, suggesting strong institutional participation. On-chain metrics, like the rising number of active addresses and hash rate, further support this bullish thesis, pointing to sustained network health and investor confidence.
Trading Strategies Amid BTC Consolidation
For traders eyeing entry points, the consolidation phase van de Poppe mentions is crucial. This period often involves sideways price movement, allowing for accumulation before a breakout. Consider pairing BTC with stablecoins like USDT on platforms such as Binance, where recent data shows heightened liquidity in BTC/USDT pairs. A strategy could involve setting buy orders near the 50-day moving average, currently around $62,500, with stop-losses below $58,000 to manage risk. If BTC breaks above $70,000 with conviction, it might trigger a cascade of short squeezes, amplifying gains. Market indicators like the RSI hovering near 60 suggest room for upside without immediate overbought conditions. Additionally, correlations with stock markets, particularly tech-heavy indices like the Nasdaq, could influence BTC's trajectory—positive earnings from AI firms might bolster crypto sentiment, creating cross-market trading opportunities.
Looking at broader implications, this potential ATH run could ignite altcoin rallies, as Bitcoin dominance typically decreases during such phases, allowing capital to flow into ETH, SOL, and other tokens. Van de Poppe's tweet underscores the importance of patience; premature entries during volatility could lead to whipsaws. Historical patterns from 2021 show that post-consolidation breakouts often yield 20-50% gains in weeks. Traders should also watch macroeconomic factors, such as interest rate decisions from the Federal Reserve, which have historically impacted crypto liquidity. In summary, with Bitcoin poised for new highs, focusing on disciplined trading plans—incorporating volume analysis, support/resistance levels, and on-chain data—will be key to capitalizing on this momentum. This setup not only offers short-term scalping chances but also long-term holding potential for those betting on continued adoption.
Overall, the excitement around Bitcoin's chart is well-founded, blending technical prowess with market enthusiasm. As we approach what could be a defining moment for BTC in 2025, staying informed on real-time developments and adjusting strategies accordingly will separate successful traders from the rest. Whether you're a day trader monitoring minute charts or a long-term investor, the consolidation phase could indeed mark the beginning of 'party time' in the crypto markets.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast