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NEAR/BTC Bullish Divergence and First Higher High: Trader @CryptoMichNL Sets 3,850 Sats Target | Flash News Detail | Blockchain.News
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10/5/2025 1:27:00 PM

NEAR/BTC Bullish Divergence and First Higher High: Trader @CryptoMichNL Sets 3,850 Sats Target

NEAR/BTC Bullish Divergence and First Higher High: Trader @CryptoMichNL Sets 3,850 Sats Target

According to @CryptoMichNL, the NEAR/BTC pair printed a strong bullish divergence at the bottom, indicating a potential reversal as price structure shifted to consecutive higher lows and a first higher high, source: @CryptoMichNL on X, Oct 5, 2025. He adds that the upcoming week is expected to be bullish for NEAR against BTC with an initial target zone at 3,850 sats, source: @CryptoMichNL on X, Oct 5, 2025.

Source

Analysis

The cryptocurrency market is buzzing with optimism around NEAR Protocol's performance against Bitcoin, as highlighted in a recent analysis. According to Michaël van de Poppe, a prominent crypto trader, the BTC pair of NEAR looks exceptionally promising. He points out that at the market bottom, a strong bullish divergence formed, signaling an impending reversal. This technical indicator has been a key driver, with NEAR consistently forming higher lows and recently achieving its first higher high. Van de Poppe anticipates a bullish week ahead for NEAR, targeting an initial zone of 3850 satoshis. This insight comes at a time when traders are closely watching altcoin-Bitcoin pairs for breakout opportunities, making NEAR a focal point for potential gains.

Understanding the Bullish Divergence in NEAR/BTC

Diving deeper into the technicals, the bullish divergence mentioned by van de Poppe is a classic reversal pattern in cryptocurrency trading. This occurs when the price makes lower lows, but momentum indicators like the Relative Strength Index (RSI) show higher lows, indicating weakening bearish pressure. For NEAR/BTC, this divergence at the bottom has paved the way for a structured uptrend. Since the signal, NEAR has not only held higher lows but also broken through to a higher high, confirming the shift in market sentiment. Traders should note that such patterns often precede significant rallies, especially in volatile pairs like NEAR against BTC. With Bitcoin's own stability influencing altcoins, this setup suggests NEAR could outperform in the short term, potentially drawing in more trading volume.

Price Targets and Trading Strategies for NEAR

Looking at potential price movements, the first target of 3850 satoshis represents a key resistance level for NEAR/BTC. If achieved, this could mark a 20-30% gain from recent lows, based on historical chart patterns. Traders might consider entry points around current support levels, with stop-losses set below the most recent higher low to manage risk. For those employing leveraged positions on exchanges, monitoring trading volumes is crucial—higher volumes during the ascent would validate the bullish thesis. Additionally, on-chain metrics for NEAR, such as increased transaction activity and wallet growth, could further support this momentum. As of the analysis on October 5, 2025, these factors align to position NEAR as a strong contender in the altcoin space, especially if broader market conditions remain favorable.

From a broader market perspective, NEAR's bullish outlook ties into the growing interest in layer-1 blockchain solutions. As Ethereum competitors like NEAR gain traction for their scalability and low fees, institutional flows could amplify this trend. Crypto traders should watch for correlations with Bitcoin's price action; a BTC rally often lifts altcoins, potentially accelerating NEAR's path to the 3850 sats target. Sentiment indicators, including social media buzz and futures open interest, are also turning positive, suggesting sustained buying pressure. For risk management, diversifying across multiple pairs like NEAR/USDT or NEAR/ETH could provide balanced exposure. Overall, this setup offers intriguing trading opportunities, emphasizing the importance of technical analysis in navigating crypto volatility.

Market Implications and Future Outlook

In the context of the entire cryptocurrency ecosystem, NEAR's potential breakout against BTC could signal wider altcoin season dynamics. Historical data shows that when altcoins form higher highs against Bitcoin, it often precedes market-wide rallies. Van de Poppe's prediction for a bullish week aligns with seasonal trends, where October has historically been favorable for crypto assets. Traders are advised to monitor key indicators such as the Bitcoin Dominance Index; a decline here could funnel more capital into NEAR and similar tokens. Furthermore, integrating fundamental developments—like NEAR's advancements in AI-integrated blockchain features—adds another layer of upside potential. For long-term holders, this could translate to compounded gains, while day traders might capitalize on intraday swings. As always, staying updated with verified analyses ensures informed decision-making in this fast-paced market.

To wrap up, the bullish case for NEAR/BTC is compelling, driven by solid technical foundations and positive market sentiment. With the first target in sight, proactive traders could position themselves for profits, while remaining vigilant of broader economic factors like interest rate changes that influence crypto flows. This analysis underscores the value of divergence patterns in spotting reversals, offering actionable insights for both novice and experienced traders.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast