As the cryptocurrency market continues to show signs of resilience, prominent trader Michaël van de Poppe has sparked significant interest with his bold prediction for Bitcoin and Ethereum. According to his recent statement, Bitcoin is poised for a vertical move that could catch many investors off guard, with Ethereum expected to follow suit. This optimism stems from anticipated rate cuts amid weakening labor markets, potentially fueling a surge in crypto valuations. Traders are closely monitoring these developments, as such macroeconomic shifts often correlate with increased liquidity in digital assets, driving Bitcoin price towards new all-time highs.

Bitcoin's Path to New All-Time Highs Amid Rate Cut Expectations

In his analysis dated October 29, 2025, Michaël van de Poppe emphasizes that the path is clear for Bitcoin to embark on a sharp upward trajectory. He anticipates this vertical move to materialize in the coming days, culminating in a new ATH for BTC within the next month. This forecast aligns with broader market sentiments where weakening labor data could prompt central banks to implement rate cuts, injecting fresh capital into risk assets like cryptocurrencies. For traders, this presents a compelling opportunity to position for Bitcoin's breakout. Historical patterns show that similar economic signals have preceded major rallies, such as the post-2020 surge when BTC climbed from around $10,000 to over $60,000 in months. Current on-chain metrics, including rising Bitcoin trading volumes on major exchanges, support this view, with daily volumes exceeding $30 billion in recent sessions, indicating growing institutional interest.

Key Trading Indicators and Support Levels for BTC

Delving into technical analysis, Bitcoin has been consolidating above key support levels around $65,000, with resistance near $70,000 acting as a critical barrier. A breakout above this threshold could trigger the vertical move predicted, potentially targeting $80,000 or higher based on Fibonacci extensions from previous cycles. Traders should watch the Relative Strength Index (RSI), currently hovering at 55 on the daily chart, suggesting room for upward momentum without immediate overbought conditions. Additionally, moving averages like the 50-day EMA at $62,500 provide a safety net, while the 200-day EMA at $58,000 offers long-term support. Pairing BTC with USD on platforms reveals 24-hour trading volumes surpassing 500,000 BTC, reflecting robust liquidity. For those eyeing leveraged positions, monitoring funding rates on perpetual futures remains essential to gauge market sentiment and avoid liquidations during volatile swings.

Ethereum, as highlighted, is set to follow Bitcoin's lead, benefiting from the same macroeconomic tailwinds. ETH has shown strength in its BTC trading pair, maintaining above 0.04 BTC, with potential to reclaim 0.05 if Bitcoin surges. On-chain data from Ethereum's network indicates increasing transaction volumes and gas fees, pointing to heightened activity that could amplify price gains. Traders might consider ETH/USD pairs, where recent 24-hour volumes have hit $15 billion, underscoring its appeal. Institutional flows, such as those from ETF inflows, have added over $1 billion in the past week, further bolstering the case for a rally. However, risks remain, including regulatory uncertainties and potential delays in rate cuts, which could lead to short-term pullbacks. Savvy traders are advised to set stop-losses below recent lows and scale into positions as confirmation signals emerge.

Broader Market Implications and Trading Strategies

Integrating this prediction into a wider crypto trading strategy, the expected rate cuts could weaken the US dollar, making Bitcoin and Ethereum attractive hedges against inflation. Cross-market correlations with stocks, particularly tech-heavy indices like the Nasdaq, show positive alignments, where a dovish Fed policy often lifts both equities and cryptos. For instance, past rate cut cycles have seen Bitcoin outperform gold by 200%, highlighting its digital gold narrative. To capitalize, traders could explore diversified portfolios including BTC and ETH spot holdings, alongside options for hedging volatility. Long-term holders might accumulate during dips, aiming for the projected ATH. Overall, this scenario underscores the importance of staying informed on economic indicators like unemployment rates, which rose to 4.1% in recent reports, signaling the labor weakness mentioned. By focusing on these dynamics, investors can navigate the upcoming moves with informed precision, potentially reaping substantial rewards in the evolving crypto landscape.